He's Still Half In on the Down Side

The $200 million man remained in his half-in on the down side position today, and we had a strong up day. The numbers in the S&P 500 for last week and today:

Tuesday: 67.66/172.26 (he's on the sidelines)

Wednesday: 61.93/179.68 (still on the sidelines)

Thursday: 65.09/174.54 (still on the sidelines)

Friday: 63.98/270.26 (he sees that the market seems tired, been going up for a while, so he goes half in on the down side ... we continue up)

Today, Monday: 65.42/258.77 (he remains half in on the down side, although he doesn't seem to have as much money ... strong up day)

So what do you think? Will today's strong up day scare him off, possibly yielding a down day on Tuesday? Or does he stay in on the down side and we continue up? Or maybe he goes all in, figuring you can only go up so far so fast? Nah, probably not.

The Nasdaq 100 for the past week and today, again dividing the larger number, which is the positive number, by the smaller number, which is almost always the negative number:

1.47, 1.66, 1.62, 1.55, 1.63

I would think this number would have to get up over 2.00 at a bare minimum before a top. And could we rally all the way up to the highest volume numbers that we had at the highs earlier this year, which was around 4.10, before this rally dies and we could be in for some awful times? I think there's a good chance of that, since I think there's a good chance we will rally right up to those previous market highs from earlier this year. But I'm just speculating, as usual. I definitely wish I knew the answer to that question.

Rob