Friday, May 27, 2011 12:33:39 AM
The dynamics at play for the day make it literally impossible to predict.
On one hand:
SFIO boardmarks still rising.
Sentiment/confidence high.
Volume drying up.
Trading around bottom of the current cycle.
On the other hand:
Friday always has traders closing positions.
3 day w/e may experience a few degrees more closing positions.
Last trading week of the month.
There's an old saying: Sell in May and go away.
There's no telling just how many SFIO investors might apply that. Some investors begin their summer vacations this w/e, since the stock market can be somewhat dull during the summer.
Without news, the annotated chart that platero posted is probably the best indicator to go by.
IHub's Most Marked Board: investorshub.advfn.com/boards/board.aspx?board_id=7489
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