Flat to slightly down day today for most of the market. I was thinking the $200 million man might have gotten out of his half-in down position. But he's still there. So I'm mildly surprised that we didn't continue to move up, at least a little.
The S&P 500, yesterday and today:
Yesterday: 65.42/258.77
Today: 68.32/253.94
There was a bit of a move to the positive side in the Nasdaq 100 today. We went from 1.63 yesterday to 1.93 today. If this is a strong rally where we're going to go all the way to the highs in positive volume numbers, then eventually we have to get up to 2.00, then up to 3.00, and finally up over 4.00. So we would have to pass 1.93 somewhere along the way. But this seems a bit fast to get up near 2.00.
So the $200 million man made a little bit of money today as the S&P 500 went down a teeny bit. Will that embolden him to up the ante on the down side?
Rob
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