Then the liquidity dries up, the high-frequency liquidity makers become liquidity takers and I have to explain myself to the powers-that-be, often with some variation of "that's only notional exposure".
This morning I left a comment at MarketBeat on the near-term potential for the market but right above me in the peanut gallery was this:
With the DJIA up 100 (.85%) and the Nasdaq up 2.19% the Russell 2000 is up 2.97% and the Russell 2000 Growth (IWO) is up 3.27%.
"Fibonacci Analysis for the S&P 500" or "2011 is Diverging from the 1998 Template"
"S&P 500 Breaks Key Resistance" (SPX; SPY)