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Current DateTime: 02:26:48 06 Jul 2009
LinksList Documentid: 30111251

Current DateTime: 02:26:48 06 Jul 2009
LinksList Documentid: 23371764
    • Profit by Playing Follow the Leader

        Markets don't develop in isolation, neither do they develop in unison. In any related group, there's usually a leader, and a laggard. These inter-market relationships provide good trading opportunities because one index will lead the way in behavior and development. Alert traders watch the leader, then look for a duplication of this behavior in other associated markets.

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Sep.29
3:51 PM ET

With volatility  continuing to soar, the Dow [.DJIA  Loading...      ()   ] and S&P [.SPX  Loading...      ()   ] were on track for their biggest point losses.  Prior to today, the biggest point drops for the Dow & S&P was after the 9/11 attacks in 2001.  All the major indices were down over 6% for the first time since 1998.  The VIX [VIX  Loading...      ()   ] is poised to close at levels not seen since 1988.

Dow biggest point drops

  • 9/17/01 down 685
  • 4/14/00 down 618
  • 10/27/97 down 554
  • 8/31/98 down 513
  • 10/19/87 down 508

S&P biggest point drops

  • 4/14/00 down 83
  • 8/31/98 down 70
  • 10/27/97 down 65
  • 9/15/08 down 59
  • 10/19/87 down 57

NASDAQ biggest point drops

  • 4/14/00 down 356
  • 4/3/00 down 349
  • 4/12/00  down 286
  • 4/10/00  down 258
  • 1/4/00  down 230

Leading the Dow down today are GM, Bank of America, and American Express - all down over 10%.  Leading the S&P's plunge are Wachovia and Sovereign Bancorp, both down over 70%!

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Current DateTime: 02:03:05 06 Jul 2009
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Current DateTime: 11:26:00 06 Jul 2009
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Current DateTime: 01:04:51 06 Jul 2009
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