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Stocks Bounce On Oversold Conditions

May 28, 2008

Stocks were able to find stable footing to move higher on Monday.  Bloomberg had volume higher on all the indexes while IBD had volume lower across the board.  What we do know, it wasn’t overwhelming by any stretch of the imagination.  Ideally, the bounce should have come on volume higher than the 50dma.  Unfortunately, the market had other ideas.  Large institutional players continue to stay parked on the sidelines.  It seems this market will remain in no-man’s-land for the time … [visit site to read more]

Stocks Bounce On Oversold Conditions

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