PM update (2):
Oil completely falls apart, pushing below 115. NQ makes a minor new high at 1939, ES is diverging, stalling under 1292. This was obviously a short squeeze, where we close will be more relevant. VXN and VIX did not make new lows on this last push (chart). still an hour and a half left of trading, but suspect most traders have gone home.
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on Friday, August 22, 2008 at 8/22/2008 02:26:00 PM.
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