Today the mid-cap stocks really replaced some of the activities of normal trading.

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After the 11,000 barrier was achieved last week there were some concerns.

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The market has rallied very fast and has been overbought.

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It was really crazy. Not out of control, but really crazy.

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This made investors cautious and they decided to unload their holdings ahead of the weekend.

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The market is still expecting some placement by red chip counters. But when you look at the low activity it probably means institutional investors are taking a wait and see, watching attitude.

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