Another bad day to trade unless you are scalping. It will be difficult for bulls to gain any traction as long as bonds find a bid and financials are in the red (watch MER). ES is still has clear resistance at its 200 dma and until we get a close above, bears will always be lurking (SPX 1454.40). The one positive for bulls is a COMP close above 2501, but that is looking like a Doji now.
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on Monday, August 20, 2007 at 8/20/2007 04:56:00 PM.
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