Wednesday, June 29, 2011

Not Expecting Much Selling

The first half of the day should be weak because we've rallied 30 points nonstop over 2 days with a gap up today.  So we are short term overbought.  I expect a gap fill and some nervous trading, but I don't expect another big selloff on the news.  We have built up a wall of worry and the weak hands are mostly out.

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