Saturday, January 23, 2010

Friday, January 22, 2010





Very similar sell-off.

10-26: 1st leg down 3days 26pt, -2.4%
then up 1day 21 pt, 2%
2nd leg down 4days 54 pnts -4.9%
then up 1day 25pts, 2.4%
3rd leg down 2 days 37 pnts, 3.5%
total down 9days, 72pnts, -6.5%

2007: 1st leg down 5days -70 points or -4.8%
then up 26 points, or 1.8% from low
2nd leg down 3 days -42 points or -3%
then 5 days bounce 36 points or 2.6%
3rd leg down 2day 45pt -3.2%
total 15day down 96pts, -6.6%

2004: 1st leg 4days -56 points or -4.9%
then monday up 15 points or 1.4% from low
2nd leg down 17pt -1.5%
then up 2days 24pt 2.2%
3rd leg down 5days 39 pt, -3.6%
total 13 days down 76pt, -6.5%

2010: 1st leg down 3 days -60 points or -5.2%

If bounce off Monday (looking for 15-20 points from low, 1.5~1.8%), sell every thing!

Monday, January 18, 2010