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Market Comments for August 29, 2014


Yesterday the market gapped down a small amount but rallied back most of the distance and closed green. It was still another very narrow bar left on the daily chart and actually never completely filled the gap nor challenge the prior days high. What it does do is give us an excellent threshold for today. To close underneath yesterday’s green bar would be a significantly bearish sign may begin the daily chart pullback. Today is the Friday before the Labor Day weekend and the market has been very dead on low volume. Don’t expect much.