“The stock market indices had a very volatile session as they gapped up and ran sharply higher, getting right up to resistance and failing. They not only failed at lateral resistance but at the declining topslines on both indices, and then they plunged.”
“The Nasdaq 100 rolled over going from 4253 to 4135, virtually a 118-point drop. The Dow had dropped 425 points from 17,923 to 17,498, and the S&P 500 dropped from 2057 to 2008, nearly 49 points. After a double-bottom they bounced back, which held, and then pulled back into the close to close slightly off on the day. Considering the big gain in the morning, and then the deeper losses with an hour to go, they closed near the zero line.”
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“The Nasdaq 100 rolled over going from 4253 to 4135, virtually a 118-point drop. The Dow had dropped 425 points from 17,923 to 17,498, and the S&P 500 dropped from 2057 to 2008, nearly 49 points. After a double-bottom they bounced back, which held, and then pulled back into the close to close slightly off on the day. Considering the big gain in the morning, and then the deeper losses with an hour to go, they closed near the zero line.”
Read More....Click Here / http://trade4x.net/
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