Nice and orderly, no big spikes down here, like we have seen for the last three months on the upside with little to know retracement. Volume in the futures is average.
Yes, they need to call the cavalry if they want to keep some profits. Actually, as usual, there are winners and losers even if you were long this market. Semis are about 9% down this year as a start ! I think some people are anticipating the "expected" correction early 2007. To be seen. Markets , as usual, are surprising.
Actually we could see this rare event of 5 consecutive lower close for the Nasdaq this week. Very rare indeed. I am always fascinated to see the way the markets trick most of the people.
I got a fever...and the only prescription..... http://webfeedcentral.com/2005/01/21/more-cowbell-video/