Today’s minutes poured cold water on a market that thought an interest rate cut was 10 times m...
Breadth Weak
08/27/2008 12:00 am EST
Focus: MARKETS
The NYSE A/D line is still weak as it is below its
34 EMA and has formed lower lows. The daily chart of the NYSE Composite also
suggests that the action over past six weeks is a continuation pattern that
should be resolved to the downside. Much stronger A/D numbers are needed to
indicate a bottom.

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