MORNING MARKET COMMENTARY- Thursday, May 15, 2008Major Indices Are Challenging Important Long-Term Averages - Kenneth J. Gruneisen, CANSLIM Certified, Registered Principal, Source Capital Group, Inc. (Members NASD, SIPC)The Nasdaq Composite Index stalled after trading above its 200-day moving average (DMA) line intra-day, ultimately ending the session below that important long-term average with a small gain. Volume, a critical indicator of institutional demand, was reported mixed, lighter on the NYSE and higher o[...]
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[Source: The Money Blogs]
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