Daily Market Comments 19 June 06 by MastersoEquity.com

The markets went sideways last Friday after its huge rally on Thursday. This is hardly surprising after such a strong move. Right now, profit taking pressure is in the air. With the market's slightly upwards bias, many of the traders who were hurt during these couple of weeks might be preparing to take some early profits and that could add to the uncertainty. It is definitely not surprising to see the market going sideways for a few days before making a decision to go up or down from here.



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