QQQQ tags the January gap and promptly sells off in the closing hour. Not a good omen, especially since it was also 61.8% of October/ March for NQ (a target, as noted at the open). Bulls better hold this one, because bears are lurking. Must hold will be 48.70/48.80. Look at those gaps below if big money decides to bail for the summer.
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on Wednesday, May 14, 2008 at 5/14/2008 08:19:00 PM.
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