General Market Question
Market's up over 2% in 4 days - should we be taking profits now?
Asked by RobSmith in
General Market
8 months ago
Best Answer
4085 points
EthanR answered 8 months ago …
If you are very short term trader, yes. The market is now due for a pull back, and we saw some of that on Friday. If the market goes higher today (monday), check the volume, up stocks vs down, etc. to see if it is as strong as last week or not. If the market is going to pull back, volume should be weaker on any up days, and the market may not reach the same peak numbers on the S&P 500 and Nasdaq as it did last week. The next move thereafter will be lower.
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170 points
StockGangster answered 8 months ago …
Looks like that was what most folks did today :)
I hope you got on board for the ride down!
