The following table shows how things went so wrong, here are...

The following table shows how things went so wrong, here are several observations
1. Except for the period 6/11-18/11, XJO failed to bear close correlation with S&P500. In each of those periods, S&P500 remained positive while in the period 29/11-12/11, XJO dived rather sharply
2. WAAAX index experienced a rollercoaster ride- down 4% in first period, up sharply 18% between 6-18/11 and then we are seeing a sharp pullback now , although todate is still up 3+%. However, I suspect market participants who got into WAAAX following the crowd during the period 6-18/11 are now in some hurt
3. XGD has been abysmal throughout and has immense bearing on G stocks, and growth stocks suffered big time during 29/11-12/12 providing a double whammy blow to O&G index
4. Falling knives stocks have seen limited trading activity with only spark in BUD but that short exuberance for the stock did not last and overall is down 4%.

Sadly the outcome for O&G is totally out of whack with my expectations. This is the result of sharp hits to PNV and  PME possibly due to shorting activities and very poor performance of our local gold stocks during the period that is completely out of sync with gold price and its international gold counterparts.

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0		30/10-6/11	6/11-18/11	18/11-29/11	29/11-12/12	30/10-todate
1	O&G INDEX	1.68%	-0.78%	1.35%	-6.91%	-4.82%
2	WAAAX INDEX	-4.11%	18.15%	-1.37%	-7.54%	3.32%
3	MOM & POP BLUE CHIP INDEX	0.23%	3.30%	3.77%	-1.94%	5.35%
4	FALLING KNIVES STOCKS	0.37%	4.97%	-2.34%	-6.78%	-4.08%
5	XJO	-0.44%	1.60%	1.16%	-1.89%	0.45%
6	XGD	-0.62%	-3.08%	0.37%	-3.18%	-6.92%
7	S&P500	0.98%	1.47%	0.60%	0.02%	3.11%