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« Accpeted! | Main | XOM hold on »
Wednesday
Jul072010

Rejected!

DateWednesday, July 7, 2010 at 7:35AM

The bears waved their finger hard at the bulls today as they just rejected the advance to 1040 and the bottom of the pervious support levels. But the bulls defended their turf at the 1020 level.  So the market remains in no mans land.   This chop is expected after many days of a decline, if the market is bottoming expect to see more chop as a base is trying to be put in to establish a support level. 

AuthorPikertrader | CommentPost a Comment | | |
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