You have to love this. Bulls take it back but NQ (as noted earlier) faced 1754 resistance and backed off. Now we chop as most of the action was probably at the open. Don't expect a repeat of yesterday, that would be too easy. Sell resistance, buy support and don't hang on.
You rarely see this: COMP, NDX and OEX all found support at their 200 day exponential moving averages. What bulls don't like though, is that this is the fourth time and that does not often hold. Three, yes, but not four. We will see, but I think SPX and the DOW need to get down there as well.
SOX is down, financials are down and so are retailers. Not a good day to play hero, unless you are a disciplined daytrader.
You rarely see this: COMP, NDX and OEX all found support at their 200 day exponential moving averages. What bulls don't like though, is that this is the fourth time and that does not often hold. Three, yes, but not four. We will see, but I think SPX and the DOW need to get down there as well.
SOX is down, financials are down and so are retailers. Not a good day to play hero, unless you are a disciplined daytrader.
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on Wednesday, March 14, 2007 at 3/14/2007 10:58:00 AM.
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