The morning rally did not last (what else is new) and the DOW drops to within 2 points of its 200 dma (12832.70). Needless to say, that needs to hold. BPNDX (see my posting this weekend) is approaching the March lows. NDX 1845 is not far either and we should see NQ 1850/1860 soon. Keep in mind that SPX 1400 will be a 10% correction from highs. If short, you might want to lighten up.
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on Wednesday, August 15, 2007 at 8/15/2007 06:34:00 PM.
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