morning day/swing traders,
another day of profit taking on the Dow Jones Index, lucky buggers. We here on the ASX have not been as lucky in our gains over the last few years (although gains have been substantial) and so we have less profit takers as a general rule. However, on a sector by sector basis, (largely resources in the asx case) ,we still must take notice of individual indexes like the Lithium index which shows the lithium price has been rolling over in all this excitement. So there is one sector in which we can expect to see short term weakness. Each sector will behave differently.
Intra day for me only atm, take care.
