A Change in Character

It has taken 17 days of trading, but we finally had our first day of real selling in 2012. Euphoria over the Federal Reserve's zero-percent interest-rate announcement continued early on, but we topped out in the first 30 minutes and then traded down the balance of the day. We closed near the lows for only the second time this year.

Even though it was the poorest day of the year, it still wasn't that bad. Breadth was only slightly negative and the point losses were mild. The biggest negative was that we had an intraday reversal to the downside after a strong start, which is a change in character....138 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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