We finally got some selling — I was beginning to think that stocks would never go down again. 
I heard a lot of speculation about the reason(s) for today’s selling. Everything from Iran & energy prices to just plain old profit taking. The reason doesn’t really matter to me though. We can’t expect the market to go up in a straight line. So I think this action, dropping/consolidating on lower volume, is very healthy and necessary.
I’m not expecting much action tomorrow as I think people will play light ahead of the 3-day weekend. It is Friday the 13th though. 
But the fireworks may really start on Tuesday as earnings season gets going.
Finally, I got a kick out of the ‘horse race’ line in yesterday’s Worden Report:
The market is continuing to show signs of internal confusion and fatigue on a Short-term basis. I see nothing unnatural or disturbing in the market’s demeanor, but who wants to buy into a sector of the market that has gone up seven days in succession? That’s a little like betting on a horse that ran all the way to the track. You don’t have to be around the market for many months before you find that long strings of advances and long strings of declines are unusual. They inevitably come to an end and undergo a retracement proportionate to the overextended move in need of correction.
What a great metaphor. 
