Friday, August 10, 2007

Numbers

Summer 06 lows to summer 07 highs these markets have had quite a run. DJI has rallied just over 3300 points, the SP cash around 337 points, and the NQ spot futures rallied 620 points. The volatility catches the attention, but the damage is thus far limited. So if we look the 50% retracment of these rallies they look like this; DJI 12340 , SPX 1388, NQ 1767.
The markets today will wait for any words from Fed land while flipping around looking for
something to hang onto.