So we had the very large up day yesterday even though the $200 million man had gotten out of his short position for that day, and so he missed what would have been a very large loss. So he was probably feeling lucky. For today, he jumped back in on the short side, half in actually. And we had another nice up day.
So far this week:
Monday: 71.31/181.30 (this is the current market without the $200 million man)
Tuesday: 73.23/245.91 (he puts a little money in on the down side, turns out to be a flat day)
Wednesday: 66.83/168.19 (he gets back out, and we have a huge up day ... yes, this definitely goes against the usual concept, for which there is usually a reason ...)
Today (Thursday): 67.19/275.05
So he's about half in on the down side. What do you suppose he'll do for Friday?
The Nasdaq 100 continues to get more positive, which is fine for now. The past week in the Nasdaq 100 (positive number divided by negative number):
Monday: 1.25
Tuesday: 1.40
Wednesday: 1.41
Today (Thursday): 1.54
So was that the low this past week to the most recent move down? If so, I will be remembering that the Nasdaq 100 got down to 1.04 within days of the low.
Rob
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