Bulls Expire on Options Expiration FridayBy Harry Boxer, The Technical Trader (www.thetechtrader.com) The bulls had their heads handed to them on Friday, as the indices gotcrushed in one of the biggest losses in years. The Dow Jones, inparticular, got hammered for 367 points, the S&P 500 nearly 40, theNasdaq 100 56 1/2 and the Philadelphia Semiconductor Index (SOXX) downa whopping 21.32, or more than 4 percent.The day started out with a sharply lower opening. They wentdown sharply for most of the morning until around mid-morning when the[...]
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[Source: The Money Blogs]
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