I doubt they will be selling for the next 3 weeks. Lets not forget end of the month-quarter window dressing. Yes, they will sell the losers but they will buy the winners back on any dip before the end of the month. I still prefer a high level of cash here. Something unexpected is what is need to cause a big dump as many are predicting. If it doesn't hallep we could see sideways action right into the earnings spin season.
i was looking for the last 2 weeks of Sept as down, the street trying to discount the numbers as being too high..but i'm not so sure now...we'll see..as a daytrader we play it one day at a time...
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