Wednesday, August 1, 2007

Advances are being sold off

Just like yesterday at this time whenever the markets made an advance there were those waiting to cash it in. The broad indices have been all over the place this morning. It is directionless here. Will we see a repeat of yesterdays big sell off? Right now the charts are in the middle. We could have some late day buying or selling.

If there is late day buying I don't see it being able to break through resistance yet. The volume looks weak still.

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