Once again, the market is making it difficult for traders looking for bounces in Apple (AAPL) and the indices. The pattern lately is to start with mild positive action followed by a quick selloff.
I suspect the failure to bounce is trapping more and more traders, who add to the sales pressure when the bounce fizzles. They are setting stops at the day's low, which gives extra juice to the downside when those levels are breached. The premature bounce buyers have to keep washing out and crushing hope before we finally see a decent bottom....157 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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