JQP,
According to MRCI, the dollar got whacked down to 95.10 but has now recovered to 98.98, still down -.41. Many of the indexes today ended down on major support, including the OSX at 78 and change. This would indicate a bloodbath if reversals do not take place tomorrow.
This may explain your $5 indicator, folks on margin pulling out to avoid a hit, just as I did with RRC. After all, everybody past kindergarten is a chartist these days.
Considering the ramifications, if we avoid a crash, should allow you some ZZZ's and pleasant possibility dreams to boot.
BTW, I'll never forget pulling out of VTS at 10 and change after having the guts to double up on the exact bottom. Taking small change after making all the right moves and missing a near triple, being too disgusted to get back in. Why? Probably because I had EVERYTHING locked up in it (boy, just think what that would have done for the portfolio)! From all the right moves to all the wrong ones, thats emotion in the market.
Best of luck and good night,
Roebear |
