Today was a historic day in many respects.

The Dow closed down over 777 points - the ALL TIME largest point loss in history!
The NASDAQ was down -9.14% - another STEEP loss!

It was not a record, the NASDAQ was down 9.67% on 4/14/00.

The NYSE has fallen -13.17% while the NASDAQ has skidded -15.56% since 9/2/08.

Has the selling peaked yet?

I'm not going to write a long winded explanation of what happen today that was perceived to be a result of Congress voting against the $700 billion 'Paulson Plan' 228-205.  Could the sell off be due to other unanticipated events? I'll leave that up to other websites that live to write such rhetoric that often leaves their readers/subscribers with what amounts to nothing but useless information for an investor.

What I will do is provide periodic updates on what the NLX is doing:

NLX NYSE -88

NLX NASDAQ -312

The NLX will know when it is time to buy again once it reaches +100.  The NLX saves a great deal of money, time, and aggravation while the rest of the investment world 'guesses' on what to do next.

These reports express our opinions and suggestions, provided only as a supplement to your own further research and decisions. We take care to assure accuracy of contents, but accuracy is not guaranteed.

Past performance does not imply future results.
 
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