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large point gain on not so impressive breath


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#1 swingtrader

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Posted 24 January 2007 - 10:51 AM

I noticed that this morning's large point gain occurs with not even 2:1 breath on both NASD and NYSE. It will be interesting to watch whether or not this rally will hold

#2 paulstan

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Posted 24 January 2007 - 11:55 AM

Yes, and breadth is deteriorating as the day progresses . . . and the odds of a reversal grows.