Click on chart for Larger view.After gapping down some 37 points on the open, the Nasdaq quickly recovered 20 points and spent the rest of the day in a slow dip/recovery mode. The close was bullish in that the 20 period EMA was recovered. Volume was on the high side at 2.06 billion. In after hours trade, several big names were off (EBAY, AAPL) while others (AMD, LRCX) were up. AAPL was a good AH trade as it retraced almost 60% off of its lows and closed at the 50% retracement line. TheNDX futures are positive by four points. All in all, the market looks poised to attempt to close the rest of the gap.
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