Idea Ripper // ArchiveCards: 1555 [Live] | Updated: 2026-10-14
Card #c1286IR // #c1286Synthesis

"One of the best tells in markets is a market that fails to react to good or bad news." "More often than not, a market that doesn’t respond to clearly good or bad news is going to trend in the opposite direction for the next 24 to 48 hours."

— In our words · Source: Trade Outside the Box (Brent Donnelly)

[Use when]

Something that should have moved the other side didn't, and you're inclined to ignore it.

[Why it matters]

In Rounders, Teddy KGB eats the Oreo only when his hand is strong. Donnelly's top market tell is a price that ignores the news. It suggests stronger hands are using the headline as cover to exit.

Filed under situations:When your picture of things might be wrongWhen the other side has more leverage

More from Trade Outside the Box

#c1278"Keynes asks us to imagine a newspaper which holds a contest where readers are rewarded for choosing which contestant will be chosen by the…You're right on the merits and need to predict how a crowd, market or committee will actually decide. #c1279"Younger children, or those without a fully developed Theory of Mind, will say that James will say: “pencils,” because they are unable to…You're sure the other side must see what you see. #c1280"There is a market aphorism that says: Early is the same thing as wrong." "You underperform as you wait for your dream trade to come true…You're about to bet against a trend just because it has gone a long way.

Same situation, different book

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