Thursday, September 4, 2008

Stocks in Steep Decline Today

After just over one hour of trading, stocks are steeping their decline. Even better-than-expected ISM non-manufacturing data haven't helped, with the Dow down by more than 200 points now. This is not a very good sentiment for stocks. Today, I am trading only to the downside, taking profits on bullish corrections, until I see signs of a significant upside correction.