A little early to make a statement that bold, but it is quite feasible to see this retrace a little bit farther.
Blue_Bear
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@RoboCrypto127, dude its not to early youur already late
RoboCrypto127
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@Blue_Bear, I sold at 13.5k so I think I was right on time. I don't short the market but on rare exceptions. The retrace can continue but, keep in mind that it can also bounce off of the 200 ema on the 4 hour chart which currently it is holding and has acted as support during all other times that people have said that we are going to dump farther. These kind of markets will wreck you once you are so sure of something that you are emotional about it. A good trader looks at the indicators and analyzes what is most probable at all times. And right now that is not a dump back down to 5k, we still have some key supports before we get there. Additionally, my prior comment was more about your attitude and market outlook as a whole. "Gold taking the floor, bye bye stock market" Yeah right, while the stock market is admittedly over extended it's technicals are currently pointing to more upside and while gold did have it's run in the sun it is now correcting back slightly. Your statements were bold bordering on extreme and that's why I made my comment simply reminding you to use caution and technicals rather than emotion; because while anything can indeed happen in the markets, the market movements do not often fall on one extreme end of the scale, usually somewhere in the middle instead.
Blue_Bear
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@RoboCrypto127, emotional? your the guy typing a harry potter novel. get off my nuts