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 yet another turn-around Tuesday, especially in the last hour when they took off and exploded. The incredible amount of pressure and short covering in the last 45 minutes to an hour was astounding.
The week started off with a thud as the stock market indices gapped down. They had a strong snapback early in the session on positive economic news, but that was it for the day.
The stock market indices had a topsy-turvy day and were down most of the session until the very sharp, late, snapback, short-covering rally brought them back from oblivion.
The stock market indices had an ugly session today, although they started out with a pop to the upside with a gap up, and then a sharp run to test resistance.
The stock market indices had another turn-around Tuesday as they experienced by a big gap up this morning in a 5-wave move that took them to new snapback-rally highs.
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