Harry Boxer has more than 30 years of Wall Street investment and technical analysis experience, and he spent eight years on Wall Street as chief technical analyst with three brokerage firms. Mr. Boxer is a technical consultant to many Wall Street hedge funds and large institutional traders. Mr. Boxer is currently author of "The Technical Trader" and "The Technical Trading Diary" on the financial website The Technical Trader. He is a regular columnist on ADVFN, Stockhouse, and DecisionPoint, among many sites, and a regular guest on WinningOnWallStreet, Marketviews.tv, KFWB-Radio Los Angeles, and more. Mr. Boxer is a frequent guest columnist at CBS MarketWatch, and has been featured on CNBC, Futures Magazine and Technical Analysis of Stock & Commodities magazine. Mr. Boxer won both the 1995 and 1996 worldwide Internet stock market trading contests, "The Technical Analysis Challenge."
The stock market indices had a down day today, but they came way off the lows, particularly in the last half hour when they exploded to take back a big chunk of the losses.
The stock market indices managed to eek out gains today after an early strong start, and then a strong 3-wave pullback that took the indices to the session lows with just half an hour to go. In the last 30-35 minutes or so, they rocketed back in what looked like short covering to put the indices back in the plus column.
The stock market indices managed to forge ahead again today, although late profit-taking in the last 15-20 minutes really took back a decent chunk of the gains.
The stock market indices had a topsy-turvy session. They were up sharply in the early morning, reaching the session morning highs in the first half hour.
The stock market indices ended slightly higher on the session, but it wasn't pretty, as most of the gains were had right at the opening in a big gap up.
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