Don't Overreact to That Close
That was definitely one ugly close. There is no other way to describe an up-1% market that gives so much of it back late in the day.
However, before we get everyone all beared up, didn't we all agree just two days ago that 830 would be resistance on the Russell 2000? As I said in Monday's column, "This 830 level has been rather formidable resistance since February." So isn't that what we were supposed to expect? Why is it that, when it's tested, it's as if everything has changed?...376 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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