Even though the numbers are on the extreme negative side (relatively speaking), we still had a down day today. Not an absolute rule, but what I have noticed is that usually when the majority starts winning, you are near a low or high, whatever you're looking for, in this case a low.
Today's numbers:
Dow: 14.68 positive money
52.49 negative money
(Obviously way negative, but the Dow can go all over the place, so this doesn't mean much to me.)
S&P 500: 83.81
213.10
(Now that's significant to me. I would normally see something in the 200s and I would think the $200 million is in part way, but I actually think this is just extreme negativity without the $200 million taking part. It was 199.61 yesterday. So that's very negative. And yet we had a down day. Interesting.)
Nazdaq 100: 126.10
77.59
(Definitely relatively negative for the Nasdaq 100, although the negative number isn't very big. But that 126 positive number is very, very low. So relatively negative here, but extreme would be getting down to a one-to-one or even more negative money than positive. So this number says there still could be some more downside, maybe.)
Russell 2000: 28.10
61.78
(Wow. Extreme move to the negative side in just a couple days. Losing nearly 10% over the last three days will do that to you. This number is approaching the most negative number of the year.)
And another possible sign was that the Biotech number was up today. Biotech is frequently a leading indicator.
I can't quite imagine a giant move down with numbers like these, although this is of course a learning process.
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