Wow Vertical

[EPrado]

Quote from frostengine:

I wasnt trading yet in the late 90's or early 2000's. Is this how the market's volatility used to be back then?

Similar...but these whipsaws are the worst I have seen in yrs

 

[joepepper2001]

Quote from joepepper2001:

11670 was the high 10% pull back of 1167 puts us at 10503

looks like a spot on the tredline, maybe we bounce up off one of those areas where it broke out of but 10500 is possible

can't get the chart to post

got this to post no trendline but you can see the long term trendline lining up with 10500

 

[duard]

Quote from EPrado:

Similar...but these whipsaws are the worst I have seen in yrs

From B. Steenbarger Trader Ideas:

"In other words, this kind of high volume roller coaster day is much more typical of volatile market periods than the period we've had since 2003. If the market felt unfamiliar to you, there's good reason for it. This was action more common to bear markets than bull ones."

 

[FaderTrader]

I think that today proves that faster is, often, not better.

I'll take a meandering trending day over today's vols anytime... unless I can bring my psychic, or better yet one of you, with me when I trade.

Myminitrading: What's your position right now? Don't want you to get away with one of those "Almost got long/short" comments.