Fingers Crossed for Some Stabilization
The market had a nice little "suck-in" to start the day, with early broad strength having been quickly sold. Once again, the aggressive dip-buyers moved very quickly to the wrong side of this market. Those quick little wash-outs really cause negative sentiment to spike, but that is what's needed in order to help set up some sort of roll-over.
I continue to see little evidence that the indices are about to turn back upward, but the first step would be holding above the first-hour lows. If the market stabilizes for a while, we should start to see some buyers inch back in. Right now there is very little trust because the action has been so poor. It will take some time, and positive action, for that trust to build back up. ...84 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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