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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