NOTE: Please click on the charts below to enlarge them if they do not appear clearly.After two days of deliberation at their recent lows, the major indices followed through with another broad-based wave of selling yesterday. Stocks opened flat, promptly dropped in the morning, traded sideways throughout the afternoon, then moved to new intraday lows in the final thirty minutes of trading. Breaking below pivotal support of its May low and 50-day moving average, the Nasdaq Composite tumbled 2.2%. The S&P 500 and Dow Jones Industrial Average s[...]
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[Source: The Money Blogs]
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