I am not sure that I agree with this, certainly from a UK perspective I really do disagree as I note HERE. But Larry Williams has been trading for 60 years so experience is on his side not mine. Larry discusses how bad news sells and everyone has a cognitive bearish bias. If you focus on the bad too much, then reality gets in your way. We saw capitulation in this market back in June. This is typically an excellent point to enter markets.
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