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lowman

05/27/11 12:33 AM

#29352 RE: raptornest #29338

Honestly.

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.