Ugly Start to ’08By Harry Boxer, The Technical Trader (www.thetechtrader.com) The markets got off to a very ugly start for 2008, as the day startedout with just a slight bump to the upside in the first 15 minuites, butimmediately they rolled over and sold off hard all morning. By latemorning they stabilized & then bounced around, but then just afterlunch hour they started a sharp, what looked like short-covering rally.The indices snapped back and did about a 0.382 Fibonacci retracement ofthe mornings l[...]
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[Source: The Money Blogs]
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