We are told time and time again that you can’t predict the market. And time and time again people try to predict the market. Many model the market using stochastic principles, and use it to predict the market. I find this completely amusing (stochastics is about multiple destinys based on a single context.)
TraderFeed a favorite blog of mine had the following to say (Are We Making a Bottom).
There is both the sense that we could go much lower in a washout (a “Black Monday” scenario) and that we could be seeing an important bottom in the making.
Fair enough, good point we might be at an inflection point.
9 comments Monday, Jul. 30, 2007
by Christian
