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I was wondering about your rationale for exiting that short as you seemed to had accumulated a very nice position for a swing short and one where you could utilize a relatively tight stop. Not a prediction on my end as I don't know too much about daily swings, but I could see us at least...

The RTH ranges have been decreasing all week with every day below the recent average. I'm wondering if we could be setting up for another leg down on the daily. EDIT: Even though a 27,75 point range is decent by most standards, it's only a measly 45 % of the recent average range.

20 minutes later. New highs would be expected on a day like today, but price is currently not in agreement.

Did get a sell from 70, but less than expected... My comments are generally always intraday RTH. Closing above 76 is unlikely, but it would be one of those days... Since you're probably swinging a long, I have no objections for more upside tomorrow.

Could see a push up to 75, but unlikely we go any higher than that, IMO.

Should be a good sell from here at 70.

The language, bickering and negativity going on in this thread (and the prior one) is completely unacceptable, but maybe this is to be expected on a public forum? I probably won't bother, but I'm considering starting a private channel/group for those interested in seriously (day) trading ES and...

Interesting chart. :) Is it a simple chart overlay?

You conveniently forgot this one: And that happened. Although you said it was unlikely. I specifically took a poke at you because I had data suggesting what you said was unlikely was in fact very likely... The pattern that unfolded today with a late session reversal, new highs and heavy range...

My data (not charts) says it's very likely that we both trade below 16 and make new lows on the day. :)

Initially, I thought yesterday was a record range, but we only came close. The 5th of February this year had a range of 127,50 points. :)

Based on what? Generally speaking, there's a 75 % chance we'll close below 2433. There's an 80 % chance we will not take out the current highs. And a 35 % chance we'll make new lows. That's generally. Specifically, I'll say we have good odds of printing new lows today.

Maybe. The point is he was ridiculed when pointing out deficiencies in the American economy and stock market by so called experts saying everything was completely fine.

I second this. In my social circle there's now several market wizards and geniuses who's basically only been long equities for this entire bull market and happened to do their first trading ever around 2010. They felt very confident after the first drop in October and laughed at me when I...

Not saying Peter Schiff is a genious, but I remember this video which became popular shortly after the financial crisis was a fact. Most of the so called experts were having a laugh at Schiff. He seems to be a bear today also...

This has actually been a surprise to me in this thread this year. The fact that many people didn't even consider the possibillity that a major top was in and a major down move in motion. It's not like it's something that hasn't happened many times already in history. Of course I acknowledge...

I also believe it will happen in the future, but seeing how bottoms are called daily on ET now - these calls no longer have any validity when they finally happen. :) If we see a huge up move. Read: reversal. Followed by a minor retrace, a higher low and new highs. Maybe I'll join you guys on a...

Define rip, please. Comparatively, we will not see a strong close today, but we might see a 'minor' up swing into the close. We're after all down 99 points high to low on the day. :)

Quoting myself from the 24th of October. There were some harsh comments made from both sides of the fence back then... I register that some of the people who insisted we were in a minor correction back then now seem to be of a different opinion. :)