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Originally Posted by coolhand

The market started out positive again today, but it quickly headed south, struggling in choppy trade all the way into the close. Both the S&P and DWCPF closed out in negative territory.




So, we have weakness in the short term (to this point), but no technical damage worthy of concern. Momentum is now falling on the DWCPF, but still flat on the S&P. I note that RSI on the DWCPF has fallen out of overbought

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Stocks were wild, and mixed again on Monday. The Dow (-37-points) and the small caps were down, while the S&P 500 and Nasdaq were up. But that's just part of the story as the indices plunged in mid-morning trading, only to come roaring back into the close. The Dow was down 570-points at the lows yesterday. So much for opportunities to try to buy a dip because these moves are lasting minutes, not days or weeks, and if you saw the sell-off and tried to act before our IFT deadline, by the close ...