Close:
RIMM doesn't cut it and NQ closes at 1931.50, after hitting an intraday high of 1960.75, under the 50% mark for the day. Pretty bearish action, especially since the 5 dma was lost again. RIMM has resistance at 133/134 now. One wonders if someone got a hold of those numbers early because the selling started 30 mns before the news hit. It has sadly become commonplace to witness this type of action in the futures market. Why get caught using options, whack the futures. It's a joke.
ISE was a tip off earlier as to excess retail trader optimism.
RIMM doesn't cut it and NQ closes at 1931.50, after hitting an intraday high of 1960.75, under the 50% mark for the day. Pretty bearish action, especially since the 5 dma was lost again. RIMM has resistance at 133/134 now. One wonders if someone got a hold of those numbers early because the selling started 30 mns before the news hit. It has sadly become commonplace to witness this type of action in the futures market. Why get caught using options, whack the futures. It's a joke.
ISE was a tip off earlier as to excess retail trader optimism.
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on Wednesday, June 25, 2008 at 6/25/2008 04:15:00 PM.
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