Thursday brought the market its 5th down day in the last 6. It is just a bear market that is selling the bounces kind of action. Todays volume was higher than yesterday but it was not as high as Tuesdays. Which isnt showing any panic as the market dropped today. Crude rallied 88 cents to close at $105.44 a barrel and gold fell $14.80 to close at $973.70 an ounce. Nasdaq Composite, Nas 100, S&P 500 and the Dow sit just over the January lows, stochastics are down in the low 20s, the MACD is pointed lower, CCI also pointed lower, RSI sti[...]
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[Source: The Money Blogs]
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