Thursday, July 05, 2007
The market should continue its bullish bias the rest of the week. This is not the time to lose your head and chase prices. Light volume rallies are vulnerable to sharp pullbacks that can erode hard earned gains in a short period of time. We wish we had more brilliant wisdom to offer than this today, but sometimes the most obvious, simple analysis is the right one. In this case that is, manage your open positions and take a break along with the institutional traders. Monday a whole new ballgame begins.