EDGE TRADER

Friday, June 09, 2006

Teetering

but not yet falling off the edge yet. Seems like closing out flat this weekend involves a bunch of short covering, which if I had to guess is the reason the market continues to levitate around par for the day. Once all the traders are flat and on the way to the beach, I wouldn't be surprised to see a last 30 minute slide into a -50 Dow close, but anything can happen with the way the market has been going lately.

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