Nah, it's nothing like '07-'08 if we're going by the panic-o-meter. It was far worse back then with all the liquidity crisis. People were literally panicking. Now, we're so chilled and laid back, it doesn't even feel like a bear market. You can tell by how orderly the selloff was today. Just look at that, like bunch of pussies playing all nice with each other and following the rule. Pussies. You wouldn't have seen that in '07. No friggin' way.
Good point. That must have been the first time since I started trading actively when there appeared to be genuine FEAR in the market and the market was actually crashing. Of course, it was followed by the most incredible recovery anyone could have imagined.
Stopped out on sucker long overnight. It was 5 MES with a 5 point stop. I bought this dip when I woke up at 69.75. Will move my stop to B/E soon and just hold if this gets moving.
I sure hope not. LOL. Moved my stop to 70. 1 tick profit! The scenario I anticipate is a gap up open which doesn't look back, but I'm far from certain. If we drop to 35 - I'd say a test of Friday's lows looks more probable.
Noah will hate this one. For transparency, I'm currently down $400 bucks. This is where some may want to take profits and secure a green day, but when I know I have a good entry and a good chance of a big move coming I will simply hold. I will start locking in a bit at some point, though. And 5550 may be pushing it. I see a few so called resistance levels coming in prior to that. Maybe I'm jinxing it now.