Thursday, July 20, 2006

NASDAQ Technical Picture

Looks like the bears are starting to play dirty - they annihilated yesterday's big gain in one session. I was really only focused on one stock today and I didn't realize how bad the day was until near the end of the session. The bulls are on the defense again. Nothing new there, but it's too soon to tell if they're going to continue to be as submissive on a retest of the July lows. Tomorrow is options expiration and that means trading lite for me.

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