friday fright, page-21

Blarg, steady unfortunately isn't a description that usually describes corrections very well imo, and wall st futs up about 20 point from cash close. dow has retraced a little less than 50% of its most recent rally, still room for the bulls to rally from here. I like to see a big fall on the first day of a correction and in my limited time trading I've never seen a steady correction without the big fall to kick it off. Its also just a bit too convenient that this correction ties in with a usa long weekend. All in all it does look more like profit taking and a bit of risk management than a correction. Anyone else seen a 10% correction start off so steadily?