Saturday, November 13, 2010

Profit-Taking Deflates Rally; Dow Off 10.64

CHART: DOW JONES INDUSTRIALS; CHART: FOREIGN EXCHANGE; CHART: DOW JONES AVERAGES; CHART: MARKET INDEX; CHART: VOLUME LEADERS; CHART: METALS Analysts also attributed today's early advance to "follow-through" buying after Monday's rally in which the Dow Jones average soared more than 63 points. But traders feared the market might resume its recent bearish course and began to take profits from the two-day advance while they could.

Full text: Los Angeles Times (pre-1997 Fulltext), Oct 2, 1990

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