| Quoting TechboyUK | I can see from http://finviz.com/ that today started out quite well until around 13:30 then went downhill, but I am not sure why this happened. Please can someone explain? Thanks :-)
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Reply: market is a little stunned and shaky...this is the first major test of our resolve in many months...ive looked long and hard trying to convince myself that this is the best buying opp of sometime now we had a low volume rally for part of the day coming off very oversold rally but then weakness in the finnies and the tension over the presidents state of the union shook the market... the market last year was able to shake of all the "noise" bad news didnt faze it as it was drunk coming off alltime oversold conditions and an excess amount of liquidity forcefed to the market. The fact that we can not shake that news these days and we continue to drop is worrysome...... until the speech we wont know much.....as 99% of the times in the past once the speech is made u will prob see little movement as its just something people use as an excuse... the fact we cant rally off oversold conditons or shake the "news" is worrysome.. the explanation of why is of no consequence....we need to look at the nature of the action..if bounces are faded or bounces are of low volume then we are in for some trouble..... if thursday after the uncertainty is taken out of the system and we rally hard than we got a good chance.
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