Blue Chips Power RallyBy Harry Boxer, The Technical Trader (www.thetechtrader.com) The markets had an up-session, but after the initial thrust they prettymuch meandered sideways in a consolidation pattern but what I wouldconsider a bullish one. However, Nasdaq lagged today and thePhiladelphia Semiconductor Index (SOXX) was actually down on thesession.The day started out, as indicated, with a strong thrust to theupside which tagged the morning highs right off the bat. They had asharp sell-off that h[...]
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[Source: The Money Blogs]
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