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 indices had a strange, mixed session today, but they rallied strongly in the morning after a sharp gap down at the opening failed to have any follow-through at all.
he markets had a very strong move today, particularly late in the afternoon when a mid-day consolidation proved bullish, and they exploded, pushing steadily higher all afternoon and closing near the highs for the day going away.
We had a pretty narrow session today and mixed at that. The day started out with a small gap up. They went to new rally highs, and then quickly pulled back in the morning in a 5-wave decline that lasted to mid-session.
The markets gapped up big and then consolidated for most of the rest of the session, came on again in the last hour and closed near the highs for the day.
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