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March 12, 2012 at 17:49 PM EDT
Indices Close Flat In Late Sell-Off
The stock market indices started the week with a pop to the upside, and then immediately reversed in a 5-wave down move, and took the Nasdaq 100 from 2652 to 2636. The S&P 500 dropped from 1373 to 1366 1/2. They bounced back in another 5-wave move, taking the NDX back up from 2636 to 2650, and the S&P 500 from 1366 1/2 to 1372. They backed and filled in an orderly fashion at the end of the day without giving up too much. [More...]
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