Market gaped higher and trended up until a heavy sell-off on heavy volume begining at 1:20 took price to the opening levels. The ticker then rallied to just above the 870 resistance on less volume than the fall. In the last minutes of the trading day a large profit taking sell-off took place. The close was at 866. Volume was high.

Better than expected report by Ford (F) and American Express (AXP) fueled the rally onward.

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