In the first 30 minutes, it look like the market might be able to trade up to the Pivot Line. Financials were strong relative to the rest of the market, and there was a $TICK divergence. However, selling in the rest of the market, espicially Energy, was just too strong. After the 1000 ET bell, the market continued the down trend. The market will be watching Bernanke the today and tomorrow.
Charles
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