Monday, August 17, 2009

08.17.09 - "The Correction"

... we have all been waiting for? I'm a little late to post at the mid-day, but hey, nothing has changed. Equities thumped lower 2-3% early on across the board and have mostly flat-lined ever since -- albeit on highly negative cumulative tick, down volume and advance-decline action.

There is always a chance we could see some opportunistic end-of-day buying, as has been the recent pattern. However, these internals should be a strong caution flag -- be wary the falling knife! (Ooh, been wanting to say that again for months....!)

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