This correction so far has followed a very similar path as in 2014. Yes, it can deviate, & it's possible we don't get to the extreme low, but the potential must at least be taken seriously. I'd love to have shorts filled around 9400 but will probably start slowly scaling in around 8700 with a wide stop & add as the move is confirmed. This is a swing trade so be patient in entering. I hope to leave this position open for potentially the rest of the year & maybe more if things continue to fall into place & simply move my stop down as we go & leave the shorter term trades for a different account.
As traders we can only go the direction the market tells us to, & if we're going to new lows I want to be in a short on the way down.
Like even my stinky sock knows about similaritys, so if the sheep is watching the same thing it cant happen.
Sorry to destroy your dreams.
All you bears will be slaughtered once more by my bull sword, i will take your money again and again.
Until you go bull, when you go bull the market will tank, and the cycle repeats, since you are the sheep and sheep always get slaughtred.