Its the last trading day of the 3rd quarter this year and one which can only be viewed as a dire period for the stock market. It is not uncommon for fund managers to ''window dress'' (http://www.investopedia.com/terms/w/windowdressing.asp#axzz1ZPCAErM6) at quarter ends to improve the performance of portfolios. If this is to be the case then we would see a big buy in straight off the open at 8am. If we don't see this and the markets falls again today then its likely that the next stage of this bear market has begun and the recent bouncing around in a tight range was just a mechanism to flush as many sellers out of this market as possible before the next stage of selling.
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