Jim Simons: we should try to trade patterns that happen on a non-random basis..!
Now with higher confidence, we can say Wall Street bets are predictable..!
AMC with a 22 billion market cap gained more than 20% in a single day! Today's price*volume: 9.9billion second to BABA and 10% above Tesla..! Why this is important? because the last time this phenomenon happened it was the start of a Gamma squeeze..! I will not surprise to see it ranked first tomorrow!
To learn more about it please read my previous post:
August 23-24, 2021: Max Pain or Short squeeze?
Is there hidden rationality beyond irrationality?
Short Squeeze or Gamma Squeeze that is the question?
August 20, 2021: This is called WSB effect..!
In the past few days, I published posts about Wall Street Bets and how they conquered the market! They are not just a group of "Apes" unlike what many think, there is a master puppeteer and a core behind this phenomenon who know market mechanics top to down, the power of social media, data analysis.
The master puppeteer has learned to survive in life and career with a false identity many years ago from his grandmaster..!
To wrap it up, do not take an opposite position this could last for a while..! Today was the largest gain and trading volume since last "Quadruple Witching" June 18, 2021..!
Note
AMC: price volume rank 1 in the market, it must go up without hesitation! I follow the money flow..!
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