Tuesday, December 8, 2009

Today's Market

A.) Prices were flat for most of the day, unti

B.) A late day sell-off

The late day sell-off is important. It tells us that traders are not comfortable holding an overnight position. That means there traders are skittish -- they're nervous about what might happen overnight. In addition, it tells us that traders are more prone to pull the trigger on a sell-order.