And the beat goes on. The S&P 500 guy pulled back somewhat, but I still think he's in on the negative side, and we still went down. Not good. The S&P 500 stuff is interesting, but nothing you could ever hand your hat on. I talk about the S&P 500 numbers because it generally shows how the market goes the opposite of where the money goes, but certainly not always, and especially when we are in crash mode, which we seem to be in now. It's the Nasdaq 100 numbers that are important to show where we're going.
In the all-important Nasdaq 100 numbers, things were relatively the same, which is not good. The numbers so far this week in the Nasdaq 100:
Monday, 8/8: 121.12/50.57 = 2.39
Tuesday, 8/9: 143.14/53.19 = 2.69
Wednesday, 8/10: 132.41/51.93 = 2.55
Still way, way too positive for any kind of bottom, even a temporary bottom. Long way to go, I'm afraid.
Rob
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