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 markets at the end of the day were nearly flat, and the action today was somewhat disappointing considering the losses over the last two days and the extremely oversold oscillators.
It was a rather tedious session for most of the day, but the indices did manage to have a strong late afternoon rally that took them to the highs for the day, and they closed there.
The markets had a very strong opening and some volatility in the morning. After the opening they came down, particularly sharply on the Nasdaq, but then had another strong rally in the morning that took us to the morning highs.
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