Tuesday, May 11, 2004
Had to bounce and it did. Dow up around 30 points, advance/declines pretty good. When the McClellan Oscillator gets as negative as it was yesterday, -364, its gotta bounce. Readings that low are very rare. But we should have gotten more of a decline in my opinion. NEM bounced a little today, XAU up a point. Options hanging in there for now. CISCO announcing after the bell, could be a catalyst for tomorrow. I'm pressed for time, more tomorrow...
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