Whattaya know? The Nasdaq just got a dose of Trader Vic on market expectations:
From the link above going into Tuesday:
I’m expecting a bounce right now. Tomorrow is a day to focus on the open for longs in stocks, options and futures on the major indexes, but I always keep in mind what Trader Vic Sperandeo once said: “If the market doesn’t do what one expects, it is likely to do the opposite twice as much.”
The flat sideways Tuesday cued a bigger move, just not in the direction I was expecting. May still bounce up the rest of the week from this lower level.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."