Monday, August 4, 2008

DISTRIBUTION DAY FOR BROAD MARKETS

A distribution day occurs when at least one of the major indexes closes down in higher volume than the prior session's level.

The increase in volume signals selling by mutual funds and other institutional investors — the market's principal driving force.

Friday I took profits on BVN. If we get a little rally in PM stocks HL could be a good short also. Will gold correct all the way down to 750?

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