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October 30, 2012  Tue 12:05 PM CT

NYX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. markets will reopen on Wednesday after a two-day closure forced by Hurricane Sandy.

The New York Stock Exchange, Nasdaq, and other exchanges plan to open as usual at 9:30 a.m. ET. "NYSE Euronext (NYX) will open for normal trading operations in coordination with all U.S. equities, bonds, options and derivatives markets on Wednesday, Oct. 31, 2012. Trading will commence on the New York Stock Exchange at 9:30am under normal opening procedures, and the NYSE Euronext building and trading floor are fully operational," the company said in a statement today.

"We are pleased to be able to return to normal trading tomorrow," NYSE Euronext CEO Duncan Niederauer added. "Our building and systems were not damaged and our people have been working diligently to ensure that we have a smooth opening tomorrow."

The Nasdaq announced its plans to reopen with the following statement: "The decision to open for business on Wednesday was made in consultation with regulators, including the Securities and Exchange Commission (SEC), other U.S. exchanges and government officials. Safety, market continuity and a variety of other factors related to Hurricane Sandy were carefully considered."
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Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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