So, enjoy your ouzo rally. The hangover will not be as much fun.
Tuesday, September 27, 2011
Just a reminder
Just a reminder that the market is well below its 200-day exponential average. This is different than violating it by a small amount.
This is the Dow Transports Average. That move below the average (40-week = 200-day) is a game changer.
So, enjoy your ouzo rally. The hangover will not be as much fun.
So, enjoy your ouzo rally. The hangover will not be as much fun.
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2 comments:
http://advisorperspectives.com/dshort/charts/index.html?2011/SPX-4-percent-plus-declines-since-2000.gif
Hi Mike,
Thought you might find this interesting. Here's a snapshot of volatility, but in terms of +-4% days and when they have occurred.
-Will L.
nice chart. Just about all of these huge downs - and ups - occur in bear markets.
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