Tuesday, June 14, 2011

The Closing Bell

Today, the market bounced. The volume was lower than the previous day.
Resistance lies at the falling 13-day moving average or 1300.
The stochastics remain embedded. The trend remains down.

I observed that the market dropped in the last hour of the trading day from a high of 1292 to the close at 1287.

The end of this week should be interesting.

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