Thursday, March 1, 2007

Markets Rally and Hold On -- Barely

Wow -- what a day. The markets started out way off, then rallied on the ISM news. They traded in a range until the last half-hour when they gapped down. It was looking as though the markets wanted to head lower, but didn't.

The QQQQs closed down .44% and the SPYs closed down .22%. It could have been a whole lot worse.

Notice and the SPYs and the QQQQs both had a small island form in the last half hour.

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