Saturday, August 25, 2007

Narrowly Mixed Session, With Indices Possibly Developing Topping Patterns

Narrowly Mixed Session, with Indices Possibly Developing Topping Patterns By Harry Boxer, The Technical Trader (www.thetechtrader.com) We had a pretty narrow session today and mixed at that. The day startedout with a small gap up. They went to new rally highs, and then quicklypulled back in the morning in a 5-wave decline that lasted tomid-session. Then they vacillated several times in the afternoon butcouldn’t break out above resistance or below support, and basicallymarked time. The Dow was down just 0.25, the S&P 500 down1.57, the Nasdaq [...]

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[Source: The Money Blogs]

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