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  • Bah! Traders have been selling into daily rallies since at least after the '08 Crash--- for which NO ONE HAS YET GONE TO GODDAM JAIL!!! :)
  • Maybe mutual funds are selling at the end of day to cover redemptions?

    "Investors have pulled $15.3 billion out of stock funds in the past three weeks, the most over any comparable stretch since August 2011. About $3 billion was pulled from the SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500, marking the largest outflows from any exchange-traded fund in the weekly period ended September 4.

    Those outflows suggest investors are "concerned about the future direction of equity markets," said Jeff Tjornehoj, head of Americas research at Lipper.

    "Our sense is just that money is moving onto the sidelines" said Temple of Pioneer Investments.
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