Monday, September 8, 2008

High volume trading day

Big tech pull back, financial rally BKX 73.60 + 6.93%, USD rally to 79.30.

~~ Qs, SPY, SPX, DIA, DOW ~~ high volume tradings. Even though DOW rallied 289.78, 2.58% and SPX 25.48, 2.05%; Qs/Nasdaq underperformed today.

From the Oct 2007 high, the recent low was relatively ~ 20% for the major markets including Qs even though the formations look different as if Qs/Nasdaq outperformed DOW/SPX. The major markets performed relatively the same excluding today's putting Qs/Nasdaq underwater than other two major markets.

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