Roger that
ES Journal - 2019/2020
- Thread starter Buy1Sell2
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The interesting question is if this is different from prior sizeable and volatile corrections we've had these 11 years.
I get the feeling it might be?
What's particularly unique is the speed, size, magnitude and the fact that there's no upwards retracements to speak of. We're simply dropping with huge gaps day after day.
That's quite rare.
On prior corrections, we've had strong counter movements. But now? Nothing.
If I were still a bull, like @Buy1Sell2 , I would certainly go flat at this point and rather re-enter on any evidence of a bottom.
I get the feeling it might be?
What's particularly unique is the speed, size, magnitude and the fact that there's no upwards retracements to speak of. We're simply dropping with huge gaps day after day.
That's quite rare.
On prior corrections, we've had strong counter movements. But now? Nothing.
If I were still a bull, like @Buy1Sell2 , I would certainly go flat at this point and rather re-enter on any evidence of a bottom.
Zen traders only ... if you are unable to simply trade in the direction of the flow you are asking to blow up.
I learned that very expensive lesson in 2000
I mean I guess we just don't know what's gonna happen here in the States with this thing.
Ya know there's an old adage.... "When America gets a cold, the world gets the flu".
What happens when America gets the flu? That's why this time is different. We just don't know.
From new all time Hi`s .... to Correction in 10 days... Sounds to me as if someone turned off the spigots on the QE pump... Never a good idea to monetize your own debt!!
Corona is a simply the catalyst for this move... This move developed on a dime & gave no clear cut sell signal or time to slide on your shorts!
Corona is a simply the catalyst for this move... This move developed on a dime & gave no clear cut sell signal or time to slide on your shorts!
I'm not so sure it's just the Corona, @vanzandt . There's certainly uncertainty because of it, but I wonder if it's simply the excuse and final trigger/catalyst the market's been waiting for a long time now with a lot of other factors contributing. Like @Spooz Top 2 is saying.
Loss of 87.5 pts. We'll take a look again above 3060
I believe there is potential in the next 30 minutes that we may see a basing out floor that will provide the spring up past 3060. If not, I will continue to watch.
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