Number of days since and % change from 3294 Day 30 : -5.4% We're down 277 points or 8.17% from the All Time High of 3393--in just 5 trading days.
The four most dangerous words in trading are: “This time it’s different.” —Sir John Templeton The underlying economic conditions might have changed, but the extreme greed and fear that drive the market have not. NOTE: In 2000, Nasdaq fell over 36% in just 17 trading days.
if we lose S&P 3030 (and hold under that for at least 3 consecutive days) I easily see a drop to 2700 & lower. i'll be adding to my positions in inverse/bear etfs/etns SQQQ SOXS TVIX/UVXY/VXX . Happy bear! we'll likely see a pause in selling at 200sma 3030, then the big crash of 2020.
The four most dangerous words in trading are: “This time it’s different.” —Sir John Templeton _______________________________________ Number of days since and % change from 3294 Day 31 : -9.58% _______________________________________ (At the outset of this thread, I maintained that the market would correct by 10% or more within the next 2 months. We're down 12.26% from the All Time High of 3393 and down 9.58% from the start of this thread. I believe my objective has been met. Hence, I'm retiring this thread. Trade well and, more importantly, stay alive to trade another day. Peace!)