Daily US Market Comments 25 Aug 2006 by MastersoEquity.com
Another day in lobotomy as the markets opened and closed mixed. Neither the rising oil price nor the decline in durable orders explained the way the markets behaved yesterday. Looks like technicals are beginning to take over the markets.
TECHNICALS
Markets continued sideways with declining volume. Bulls and Bears are almost equally matched with the 16 Aug low still holding its grounds. Markets can still go either way from here with slight inclination to upside.
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