Is a 2nd crash more or less likely?

[Pekelo]

Quote from LngEnf2NoBetter:

If you're rolling two die and you roll double sixes 10 times in a row what are the chances that the next roll will be double sixes?

Completely irrelevant and wrong analogy, because there is such a thing as market psyche and computer programers learning from the past.

The dice has no memory...

Today after -350 we could have gone to -700, but instead we rallied 180 points... There you go...

 

[LngEnf2NoBetter]

Pekelo,

So by this logic you are saying that the market has a memory therefore what happened in the past is relevant to what will happen in the future. Is this what you are saying here?

 

[Pekelo]

of course it has a memory. We still remember 1929 or 1987, and we obviously remembered the 1056 low on May 6th...