Tuesday, August 30, 2011

August 30, 2011

The big news today is that KJ threw most of his money in on the negative side. And we had an up day. Not a giant up day, but an up day. As long as he's on the negative side, I don't think we can have a down day of any significance. The market does seem to want to do a little correcting. So whenever he gets out of that down position, I think we'll have a little correction. The longer-term indicator of the Nasdaq 100 remained pretty much the same.
The S&P 500 numbers so far this week:
Monday, August 29: 76.49/164.20
Tuesday, August 30: 81.56/241.83
Notwithstanding any brief correction, we remain in good position to keep moving up from here.
Rob

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