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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Pigboy who wrote (6245)	8/13/2011 7:13:27 PM
From: marc ultra	1 Recommendation Respond to of 10065

<Also, just for fun, the Nasdaq behaved slightly different. It's low in Nov. 08 was 1295 and then the re-test low in March O9 was 1265. Only 2% off compared to the S&P's 10%. Curiously, the Nasdaq in March 09 never closed below the 08 levels. That's an incredibly good point i didn't know. It fits perfectly with a final bear raid on the financials spoiling the retest, as the main difference is none of the big banks were in the Naz. I went ahead and looked at the actual daily prices and the actual relative moves are staggering from the initial bottom on 11/20/08 until the final bottom on 3/9/09. During that time, the Naz final bottom of 1268 on 3/9/09 was only 3.6% below the 11/20/08 low of 1316. By comparison the XLF final bottom of $6.26 on 3/9/09 was down an incredible 33% below the Nov low of 9.39.. Finally the S&P during that time was down 10% from the Nov low to the March bottom. Given at that time the financials had a very large weighting in the S&P, it confirms my thinking that we would have had something like a classic retest if not for the extreme bear raid on the financials approaching and culminating on 3/9 which greatly impacted the S&P