Market Continues to Make Lower Highs

The market failed at the upper end of its range once again today, accelerating to the downside into the close. The Nasdaq was the weakest index, finishing down 2.2%. Most major technical areas were violated around mid-day today, which was the cue for active traders to switch gears again.   Confusion still reigns in Europe over how to tackle the escalating sovereign debt crisis. Markets bounced...

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