Tuesday, April 22, 2008

today's market

although stocks were able to finish off the lows of the session, it was another poor day for the market. drip, drip, drip. bear market torture: big up days followed by many consecutive down days, wiping out the gains. classic bear market action. volume, though increasing, was still very light, breadth was a bit better then 3:1 to the negative and, not surprisingly, energy was the only sector to finish in the green. meanwhile, retailers were hit particularly hard as were the chips.

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