So whats up with this sell off 9-20-2021

hafez50 said:
Were down a laughable 3% off ath’s after 3 straight yrs of eye popping returns.People freaking out . If we ever fall 30-40% and go sideways for 4-5 yrs(which were due for ) I suspect mass suicides .
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Yeah. It's a bit amusing. People should be fat on profits by now, but I've seen a lot of people being spooked by this minor drop in the big scheme of things.
 
David's faith said:
.... Dollar going up means equities going down and the dollar surely will rise after yesterday, however, they will make shorting not easy / hard.
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Likely this or likely that but I'm never sure of anything.

Who is "they" that will make shorting hard, and how?
 
It’s so predictable . It’s been near a record time since we had had a 5% correction . In normal yrs we get 2 10% corrections . So a few % down and we get the bears coming out of the woodwork. From Cramer to Morgan Stanley. But of course the mkt will always punish the early bears thus the quick 3% run off the lows the other day. I still think we go lower but it will be choppy as 100 mil day traders out their buying the dips. I’ve been doing this 32 yrs . Been humbled many a time . It’s how you handle the humblings and what you learned from those humblings that determines your long term success .
 
hafez50 said:
It’s so predictable . It’s been near a record time since we had had a 5% correction .....
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Oh yea you have to go way way way back .. to March. Then last Oct, and Sept and June and March '20 LMAO 35 friggen years
!SPX 5pct drops.png
 
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Right Hafez...

I'm back to daytrading 2dh gaps like I did CCL PLTR today, finishing by 11

No more bear/bull bias, trade what I see vs think
 
hafez50 said:
Were down a laughable 3% off ath’s after 3 straight yrs of eye popping returns.People freaking out . If we ever fall 30-40% and go sideways for 4-5 yrs(which were due for ) I suspect mass suicides .
More...
Those who hold gold will be ok, not because gold is any good, but because they are conditioned to living with a POS.
 
Someone in this thread said we would not trade above 4450 in September. There's 5 trading days left of September and we already printed > 4450.

The subject of news is interesting, too. For the last few years I've discarded news completely in my own trading except for being aware of news releases and patterns related to specific news releases such as FOMC.

In a bull market like this good news are good news and bad news are good news. So it's hard to make sense of it, IMO. On single names it may be different. I wouldn't know.
 
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