Nortel NT Midday Update DJIA +27.34 SPX +5.03

It's the first reasonably mild day since relative eternity as spring gently taps on the door of the empire city. Nortel NT tests the 38.2 Fibo since the sell off around 3.10 and is meandering on the threshold of the previous descending triangle base with solid midday volume around 23 mil. Next upside target of 3.18 along the 50 EMA. We finally ate through a fat fucker on NYSE offering 5 mil around 3.05...