Can We Confirm This New Rally Attempt?
Market Speculator (June 14th, 2008) Writes:
Friday was Day #2 of our most recent attempted rally. A tame CPI report helped boost stocks throughout much of the day. The hiccup of the day came starting after lunch where we say selling hit the markets. Many market pundits, including RevShark were calling for the demise of the morning rally. Intraday trading like this is dangerous and RevShark and other s were proven wrong. Stocks were able to gather steam and close on the highs of the day. Extremely bullish movement by the markets, but the caveat was volume. Volume declined crossed the board, lessening the impact of the bullish price action. Tuesday will market Day #4 of the attempted rally and where we’ll need to see confirmation of this new rally attempt.
Crude Oil, Natural Gas, and now Agriculture and Grains are joining commodities that are continuing their recent ...
Tags for this Post:
Bandwagon, ben bernanke, Caveat, cpi report, Crops, crude oil, Current Market News, Demise, Grain Commodities, Grains, Hiccup, Intraday Trading, Laser Precision, Libo, Market Pundits, Morning Rally, Natural Gas, Plain States, Speculator, Uptrends, Volume Volume
Bandwagon, ben bernanke, Caveat, cpi report, Crops, crude oil, Current Market News, Demise, Grain Commodities, Grains, Hiccup, Intraday Trading, Laser Precision, Libo, Market Pundits, Morning Rally, Natural Gas, Plain States, Speculator, Uptrends, Volume Volume


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