Deja Vu?
Despite a higher close, the Nasdaq had a very
weak finish, taking many names with it. With everyone trying to figure out where
the bottom is, the market continues to act bearish, with weak closes. Juniper,
while it did show a 5-point gain, pulled back steadily for the final two hours of
trading, and closed in a Shooting Star formation.
Today’s bar looks eerily similar to that of
Feb. 15, where the stock finished its rally attempt in a similar fashion.
Have we been here before?
Until tomorrow,
Eddie
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