The expected profit taking came yesterday but with a much bigger enthusiam that expected. The selling created the closing of a few of our portfolio positions. The continued selling appears in the premarket futures today. Take profits on charts that are in the over bought area and producing sell signals. Any purchases of the short funds at these levels need to implemented with anticipation of the likely hood of a quick profit taking session, a day or two, but there is no evidence yet to suggest the DOW is going to support at the 20 day MA. The lack of buying on the open today reveals the potential of a slow sideways market condition AGAIN.
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ANNA JENNIFER
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