The market gapped down and accellerated to the downside during the session on Friday. Major indices closed deep in red on huge volume. The nasty tape surprised once again for toughness shaking out weak hands from the market. The Nasdaq will face support next week, while the S&p500 broke down off a descending triangle pattern on heavy volume. The weakness could continue this week. Here an interesting chart: Petrohawk Energy Corp.Read More...
[Source: The Money Blogs]
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