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Daily Archives: December 12th, 2007

Review 12/12/07: SPX, Nasdaq, BIIB, DO, RIG, SLB

This morning, the market opened up sharply, almost completely erasing yesterday’s loss, as the Fed announced further plans to deal with credit problems. But, the big gains quickly faded.
Yesterday, I said, “The market now could slide further to test the 20-day MA (the cyan line). On the other hand, this quick drop might give […]