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本帖最后由 ypm968 于 2010-6-1 21:58 编辑
First trading day of each month is supposed to be a bullish day, today is certainly not. Market was sold off in the last hour again despite of good economic data. June is end of second quarter. Are these mutual fund managers and hedge fund mangers selling stocks in to prepare for client redemptions? Given out recent market volatility, I think it is a good possibility. Anyway, I closed all my long position today. Looking at $tran and Russell's chart, I think the downtrend has been resumed. S&P's daily chart is same ugly, it couldn't even stay above 10-day moving average for two days. Oil was down despite of middle east tension. Market is weak. |
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