The Instant Replay Market

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For the third day in a row the market has tried to rally early only to succumb to selling late in the session. The action is best seen on the Nasdaq which failed at its 200-day moving average and at the 2,000 level again.

It's starting to feel like the calm before the storm as volume keeps shrinking daily. I still think that the bulls would be better served by a 'whoosh' lower to shake out the sellers instead of these feeble rally attempts.

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growing a little impatient Mike?

check out my neighbors in meatspace


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Quoted

"Even if you're on the right track, you'll get run over if you just sit there." ~ Will Rogers
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This page contains a single entry by Michael published on March 28, 2005 4:24 PM.

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