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Funny how it all turns on a dime. Early October the bullishness in crude was off the charts. Tagged the target many were looking for and it's hardly even had a respectable 3-5 day bounce. Mostly orderly, "algo-ish" type selling the entire time. Even 2016-17 had more volatility on the way down.

Crude is a different beast. I don't take the downswings in that market lightly. It really hasn't been that long since it went into a terminal decline. 2016 was a pretty brutal move lower, 2014 before that and obviously 2007-08 was historic. It's a widow maker for the uninitiated.

lol, same with crude.

Odds seem high at this point that B1S2 has been trolling this entire thread. Multiple 50-60 pt intra-day stop outs (on 10x leverage no less), 350 pt ES HODL trades. Let's not forget some of those beaut's back in Jan-Feb as well.

Are you fit to be moderator?

I'm not confusing anything as I didn't state that the PPT is in the market every day of the year NOR that they buy every single dip.

I hear ya. This blow off move puts the 2003-07 run to shame. Remember also that crude oil went vertical into the fall of 2007. Metals were also going parabolic. This time around crude peaked out and has gone into an orderly, albeit devastating decline (if long). The indicies run on a timer...

If you guys remember the lead up to 2007, the market had gone a record number of days without one single -2% (close to close) session (I forgot the stat but basically from some point in 2003 thru a portion of 2007). Similar script. Vol suppression lead to a disorderly decline after enough of...

Bears trade completely different than bull markets. You know that.

I'd also argue that the overall lack of healthy corrections during the QE era (say post 2011 and the Euro debt crisis) has a good deal to do with this. 2016 was a good correction, but Yellen then choked when she should have continued with the normalization of rates. Hence, we got this vertical...

It's not an omnipresent entity. Ask guys who traded in the futures pits back in the 90's about the mystery bids that would show up at opportune times. That said, manonfire nailed it when he said the vol suppression of the Yellen era was a quasi perpetual intervention. Anyhow, it's basically...

Yes, I posted that above. Face facts, no amount of evidence will convince this guy it exists. If Ben Bernake, Janet Yellen and Jerome Powell dropped by his apartment tomorrow and told him it's real, he would still deny it.

Probably meant to use your cell phone for that message.

lol. A month ago, he was openly chastising people who looked at one minute charts. Ridiculous.

Exactly. These guys lack street smarts.

Instead of a like button, I think we need an LOL button. Groundhog's Day

One correction. He did take the loss on the rollover to March, but if I remember correctly he promptly went long again somewhere in the 2700's.

I remember connecting hourly ES lows from 12/6 thru 12/10 and thinking, "outside chance it connects", but realistically seemed far fetched (week of FOMC). Now we are beneath the channel line.

I'm on his ignore list, since he seems perfectly suited to hear the sound of his own voice.

The guy is beyond help. Obtuse comes to mind.