And this makes sense to a certain extent doesnt it? With the ways in which the index weighting favored about a dozen stocks in the NAS towards the end of the boom, once they blew out their positions and outflows became the norm, the biggest titans were the ones who got killed...The stocks that have been marked up the most have not really been correlated to the SPX because they are smaller and less liquid issues that have just gone thru the roof..Restaurant stocks are a prime example...
quote: -------------------------------------------------------------------------------- Originally posted by mattjclark Today we blew through resistance. I thought for sure we would retest 7600 before we closed above 9000. Anyone else as disillusioned as I am? Could it be the Plunge Protection Police or was I just wrong? -------------------------------------------------------------------------------- As long as you attempt to guess at what the market will do, you will remain disillusioned. And headed for the poorhouse. You trade what you see - not what you think.
We have had 2 bear markets and 1 bull mkt (20% move) in the last 3 months. Never seen mkt like this. There is alot of money to be made with this volatility. I'll be happy to be proved wrong a 2'nd time. Give us one more retest. LOL.