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A Bounce
July 8th, 2008 at 6:01pm · No Comments
Today’s S&P bounce came amid a sharp drop in oil prices. The chart shows the rise in advancing volume preceding this rally. Advancing volume has not been this high since mid May. This fact raises the question as to how much more stocks can rally from here? I suspect 1300 is an upside limit to the S&P unless there is a serious expansion in trading volume.
Tags: General Market Commentary · S&P 500
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