Late Sharp Snapback Rally Pares Losses in Half as Dow Closes Under 10,000 By Harry Boxer, The Technical Trader (www.thetechtrader.com)The markets had another historic day today with extreme volatility both up and down, mostly to the downside early. The indices opened sharply lower on a gap-down and slid hard, had a sharp morning bounce that took the NDX from 1358 back to 1406 , nearly a 50-point rally. At the same point the SPX went from 1027 to 1056, but they were unable to sustain. They initially started pulling back in [...]
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[Source: The Money Blogs]
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