Finally, a Decent Bounce
The indices have been struggling for more then a week to produce a decent oversold bounce and finally managed to do it today. The market gained more than 1% and breadth was good, but volume was contained and there weren't any signs of panic buying.
In view of how often this market has put together V-shaped bounces, I was a bit surprised that the bulls didn't have a little more conviction. The prevailing view is that this is just a routine bounce and it is unlikely to last....150 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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