Monday, August 24, 2015
I just laugh
Yeah no really, QQQ really truly went -15% at one point this morning. Now that is what you call puking into an empty book!
The chart above has its Bollinger bands set at four standard deviations. In statistics, 4SD is crazy-talk.
When I have to use 4SD, I just sit back and laugh.
There was no ability to trade this morning anyway, the book had massive spreads everywhere. I guess I'm just going to sit tight.