The bear facts.
Investors Chronicle - magazine and web content, March, 2008
THE TRADER: Key stock market indices remain in negative territory, but the Nasdaq is already leading a fight-back from what look like severely oversold levels.. Marc Rivalland
The new lows for the year made by the US indices confirm the continuation of the bear market. But along the way, some odd things have happened. On Monday 3 March, the Nasdaq made a new low for the year. On Tuesday 4 March, it fell another 1.5 per cent in early trading and, in so doing, breached its February lows. But it closed up on the day - as if an important chart point had not been breached. Unexpected recoveries are commonplace in bull markets, but rare in bear markets. Then, on Friday 7 March, as single-mindedly as Samson, the Nasdaq dragged the US indices back from severe losses to...
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