Just Winding Down


James "Rev Shark" DePorre

 | Aug 28, 2014 | 4:22 PM EDT
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Not only did we have the lightest volume of the year, the action was also lazy, sloppy and negatively biased. The good news is that it would have been easy to sell off more, but we continue to see very good underlying strength. The dip buyers stepped up at the open and held things up the rest of the day. They didn't generate any major momentum, but they didn't let things slip much either.

Light-volume action in front of a holiday tends to have a positive bias, but when things are as extended as they are now, there can be some surprises as we wind down before the long weekend. There are profits to protect, but no one seems worried about losing them to a quick selloff....1151 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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