Mexican Standoff as Markets Close Near Zero LineBy Harry Boxer, The Technical Trader (www.thetechtrader.com) The markets were up in the morning, down in the afternoon, and closednear the zero line with very small fractional changes. The day startedout with another thrust to new rally highs. The Nasdaq 100 burstthrough 2000 and got up to 2006, which turned out to be the high forthe day. They then sold off and retested support successfully, andrallied again, but in the afternoon when the S&P 500 made new highsand got right near 1480, the Nasdaq 100[...]
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[Source: The Money Blogs]
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