QQQ (my proxy for the index) was up 1.1% yesterday with big volume coming in before the close. The action had been very good the last 3 trading days but we're approaching an area where we might get some resistance. We're up 6.6% since the recent bottom and a rest for a few days might be a good thing. This perspective matters to traders but if you're buying for the long term it doesn't really matter.
jgoold18
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