Major Averages’ Rise On Lighter Volume Leaves Questions About ConvictionPICTURED BELOW: The Nasdaq Composite rallied +1.57%, below the +1.7% threshold needed to produce a sound follow-through day, on the fourth day of its rally attempt. Volume was also light, whereas an expansion in trading volume would offer a more reassuring sign of institutional accumulation."U.S. stock futures continued their zig-zag pattern, heading lower on Tuesday as Citigroup and Merrill Lynch received massive overseas investments in response to housing ma[...]
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[Source: The Money Blogs]
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