“Is There Anything Like a 10% Move”, from Victor Niederhoffer
if so, the SPU set a high of 952.75 on June 19 and 858 is 10% away from there and we're at 872 and have been as low as 865. One queries a la Sidney Alexander and Paul Cootner of 50 years ago, whether a move of 8% or 9% from a high is inordinately likely to go to 10%. Or "am I just a fool" for posing such a query considering the changing web, the cronies, and the everchanging cycles?
