Selling races as bulls are left licking their wounds
Filed Under Market Commentary |
It looks like we’ll be getting a much needed 2% correction in this market if all holds here. Holding steady here we’ll end the day with a distribution day marking the 2nd day of distribution. VIX index has skyrockted to 13.86 up 2.71 today.
Raising cash is the best thing to do and keeping your emotions in check.
-MS
Last 5 posts in Market Commentary
- Resistance is Proving to be Too Great for Major Indexes - August 19th, 2008
- Stocks Reversed from Highs in Lackluster Trade - August 16th, 2008
- Low Volume Rally as NASDAQ Retakes a Key Moving Average - August 15th, 2008
- We Are Severely Overbought and the Global Slowdown is Beginning to Show its Face - August 13th, 2008
- Proceeding With Caution, This Market is Shaky at Best - August 12th, 2008
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