QQQQ,Nasdaq 100 Index Tracking Stock ETF last had an extreme volume day 1463 days ago. SPY,SPDRs had extreme volume day 223 days ago. How much more selling is remaining?
I have a compilation of market bottoms from past many years. I leaf through it every week. It shows what was the move before market correction and what happened afterwards. Most of the time after such sell offs the market turns on a dime and just shoots up for many weeks. Constant study of such things help you to anticipate and react to such moves.
You can see Dow Bottoms from 1932 till 1982 here.
Based on the past patterns, I think the market will have a snap back rally in next few days. If you are short be careful. Before you realize what happened profits will vanish. Expect lots of buy programs to kick in.
CYB,Cybex Internat
DMC,Document Security Systems
EAG,Eagle Broadband Inc
EWO,iShares MSCI Austria Index Fund ETF
EWW,iShares MSCI Mexico Index Fund ETF
EWZ,iShares MSCI Brazil Index Fund ETFl
HNAB,Hana Biosciences Inc
MDV,Medivation Inc
QQQQ,Nasdaq 100 Index Tracking Stock ETF
RLH,Red Lions Hotel Corp
SDA,Sadia S.A.
SPY,SPDRs S&P 500 Trust Series ETF
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