Another 52 week closing low for the NASDAQ, but technically we managed to test and close above the Feb. low with a hammer-like reversal stick. After a three day slide, and taking into account late day strength, we are due for some corrective action. The strength, or lack thereof, of the next bounce will provide some clues as to the likelihood of a retest of the January lows.Today's movement came from lower than avg volume ( 2183, vs. 2309 avg), with decliners outpacing advancers (1098/1903) with new lows outpacing new highs (41/290).
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