Tuesday, August 04, 2009

Market Needs a Rest

Am I the only one finding the heavy volume within this consolidation as a potential major problem? My plan right now is to trail everything tight, but loose enough not to get tagged out in a morning drawdown like todays. I just find very little participation here, and the small caps are all very overextended. I personally believe that a correction is in the cards very soon, which will lead to another powerful leg in the overall rally.

Thanks and Happy Investing!
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