I remember October 2008 and I remember April 2000 really clearly as well. The April 2000 sell off was scary. It started on a Monday with what looked like rotation trade from tech to others, and then it accelerated. The talk that Monday was that tech stocks were overbought and just needed to cool off a little bit. It got worse the entire week. At work on that Friday afternoon, you could look around the office and see depression settling in. It was brutal and there was no BTMFD. In hindsight, the dead cat bounce afterwards brought a lot of temporarily relief and crushed hopes and dreams. I didn't trust tech again until 2005.
Not saying this will happen here, but the aggressive, no relief upward move is similar. A reconnect with the monthly 8EMA would be a massive correction.
Ehrmantraut - they sold because they had to. Margin requirements.
You don’t trade for money, you trade for freedom.