Mr. Bull, We've Had Enough with Your BS. You're Fired!

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schizo said:
From this day on, I will keep track of SPX using today's high of 3294 as the baseline.

01/14 : -11 (-0.34%)
More...
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.
 
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.

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if we lose S&P 3030 (and hold under that for at least 3 consecutive days) I easily see a drop to 2700 & lower. i'll be adding to my positions in inverse/bear etfs/etns SQQQ SOXS TVIX/UVXY/VXX . Happy bear!

we'll likely see a pause in selling at 200sma 3030, then the big crash of 2020.
 
schizo said:
From this day on, I will keep track of SPX using today's high of 3294 as the baseline.

01/14 : -11 (-0.34%)
More...
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 market would correct by 10% or more within the next 2 months. We're down 12.26% from the All Time High of 3393 and down 9.58% from the start of this thread. I believe my objective has been met. Hence, I'm retiring this thread. Trade well and, more importantly, stay alive to trade another day. Peace!)
 
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