Tuesday, November 13, 2007

Tue 11/13/2007

chiu index closed at 1117.087, well below the all time high reached on 10/31/2007 of 1327.776. this reflects a 15.9% drop. the spx dropped 7.02% over the same period. chiu index dropping more due to high concentration of goog, aapl, bidu, and chinese stocks like lfc and ptr.

i took the following spx snapshot near noon 11/13/2007 showing perhaps a market reversal point. i also await the first parent teacher's meeting with my son's 4th grade teacher, so i won't be trading much on this rally.

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