Although the sell-off today has slackened somewhat, it is apparent that profit-taking and lightening up on positions is the order of the day going into the weekend. I still would not be surprised if there is a rally toward the close of the day, as day traders (who are short) exit their positions before the close of the day.Friday, April 11, 2008
Profit-Taking, Liquidation
Although the sell-off today has slackened somewhat, it is apparent that profit-taking and lightening up on positions is the order of the day going into the weekend. I still would not be surprised if there is a rally toward the close of the day, as day traders (who are short) exit their positions before the close of the day.
