Purely on a ATR basis, that makes sense. Daily ATR is 108-ish. Today's range is 153. That's insane (NQ)
OP is highly delusional trying to justify his short trades by spamming the board with overdone "news" and really badly researched comparisons to the dot com era. None of it matters. His "arrow" is particularly ridiculous once one looks at the underlying percentage gains in markets. There are some rough similarities between 1998 and 2019 on the Nasdaq. If one insists on going down that road, and different era's rarely follow exact same paths, 2020 should be a huge up year. I don't think it's applicable at all though the forces moving markets are entirely different and we have yet to see the euphoria and mass participation that existed in 1998/1999.
Everyone still worried....just as I said markets would be back up....absolutely zero worries. Earnings from apple and amd tonight should catapult the markets another percent tomorrow. Free money is non stop. Did you really think the markets would be down another 2% today? Haha Haha. Everyone all scared. No need to worry when the fed is printing trillions to prop up markets.
Insanity was what propped up the market in 1999, and that's what's keeping this market up as well. Or shall I make it sound more intelligent? IRRATIONAL EXUBERANCE.