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In another word "THIS MARKET IS TOO BIG TO DROP, EVEN A TEENY-TINY 10%!!!!!!"

You hit the nail on the head. The Fed has effectively spoiled the market. The market has become the biggest crybaby, or rather an entitlement whore. It believes its's entitled to a rate cut.

He who knows will not speak. He who speaks doesn't know jack $hit. :thumbsup: ―Modern Day Lao Tzu

“Most people do not listen with the intent to understand; they listen with the intent to reply.” —Stephen Covey

If you thought the market was reversing, why didn't you just go short? It would have turned out alright either way. If you were naked, you would have made money. If you had a long position, you would've been hedged. Be a flipper for once. :finger:

In that case, B to C would be the same distance as A to B. But that doesn't seem to apply for the one on the right. For example, this one as well.

Being a dipstick: Buying the dip on the way down. Shorting the dip on the way up. dip·stick /ˈdipˌstik/ noun xxxxxxxxx (fill-in-the-blank) a stupid or inept person.

Interesting. However, I don't understand the rationale behind the vertical line drawn from B to C. Is C a price target? If so, what is that based on? I initially thought it was constructed from "measured move". But it isn't.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side.” ―Jesse Livermore

Seriously, I've never seen such a self-serving pigs than CME. What, they're not satisfied raking in big money from giving special access to the HFTs? Absolute pigs.

By the time you throw in the towel, there probably wouldn't be any market to trade. :finger:

If and when we dip into the negative rate territory, I wonder if the Dollar will lose its fiat status. But then again, which other currency can replace the dollar? None.

Okay, I'll let you have the last word. (*head shaking in dibelief* :D)

One more drop like today and, man, you can bet we'll see another round of Jim Cramer and his infamous "You have no idea how bad it is out there, no idea!!!"

Alright, covering all shorts here at 3214.50

I decide to jump out the window instead. It's faster. :D

You are so naive. You think this selloff is driven by small time retail traders? It's the big boys like GS who are in the driver's seat. BTW why be content at 10% bargain? You'll find even bigger discount at 30%.

Looks like the low is in at 3226.

Down 60 points, and still going lower! But still a long way from 7% limit down, so no worries. :sneaky:

Don't panic just yet, this is just a start. You'll eventually see what a true FEAR looks like. But not today, this ain't nothing.