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36% drop in just 17 trading days.

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...

Have you seen this chart I posted (for some time now)? This is the latest one.

LONG 2977.50 I believe we're due for a bounce. STOP 2957

Don't listen to Dozu and his ilks. They obviously have never traded in any of the previous bear markets. If you're new to bear market, get out and stay on the sideline. If you believe the last 5 days were brutal, you haven't seen anything yet, that is, you haven't yet seen what a true PANIC...

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.

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.

So what did ya think? :finger:

Still can't believe the market tanked 60 points in merely 1 hour (even more amazing considering that this is not the RTH), only to recover almost all the losses (up over 50 points). :strong::finger:

My feeling is that we should see a short squeeze up to 3180 area today.

Can you also ask Padu where he gets this ludicrous idea that the "BIG BOYS NEVER SHORT". He believes these selloffs are caused by retail traders, not the institutions. :rolleyes:

Now we're back up to 3130. Some crazy 40-point roller coaster.

Yes, I agree. The sheer momentum from the short squeeze alone is enough to send the market through the roof. That is why in the bear market frenzy, you will often see vicious short-covering rallies. However, bears aren't giving up just yet.

Now it's trading at 3100...and now 3098.50...

Didn't you get my note? Didn't I say we're heading down to 3070? Currently trading at 3108 as I type. Hope you stay safe, bro.

Man. Did the poor dude make it out alive?

You sure about that? I think we will see 3070-ish by the EOW.

:sneaky::sneaky: :sneaky:

YM, NQ, ES -- all one and the same. A bunch of neurotic bipolar jackasses on steroid: greed on the way up, fear on the way down. 1999 and 2019, both painted by extreme greed. * BTW it should be year 2000 for the NQ chart above.

No worries. I've known the old man going back even before the 2008 crash, and I'm sure he knows that as well. BTW I gave the dude the credit he badly wanted from everyone. LOL