Dow - friday's close

Barely hanging on for it's dear life after starting "smartly" at start. By mid-day, it is sinking. Same thing happen like yesterday.

What is in stores for us next week???? If we take today's trading pattern then I would say that the 2 day's pattern is showing that....the market take noted of what's happening around the globe.

With Greece's problem....more or less settled, the Dow still not showing a good respone to that can only means one thing....Market is very tired and it's going into
retreat soon. How deep? I have no idea.

NEW YORK (AP) -- The stock market looks tired.Stocks closed mixed for a second day after investors grew pessimistic about the market's ability to keep its rally going.

The Dow Jones industrial average rose 9 points Friday. It had been up as much as 68 after European leaders announced a plan to help Greece with its debts. A similar advance and retreat occurred Thursday.

There wasn't a clear reason for stocks' retrenchment Friday. But analysts said the market does need a break from a climb that has now gone on for two months with few interruptions. The Dow has advanced 17 of the last 21 days.

"The market is extremely vulnerable to a pullback," said Christian Bendixen, director of technical research at Bay Crest Partners in New York.

Even with the mixed finish Friday, major stock indexes still managed to rise for a fourth straight week.

The early gain in stocks came after the European Union and International Monetary Fund created a bailout program that will help Greece and other European nations facing rising debt. The deal reached late Thursday will not make money immediately available to Greece, but instead act more as a safety net.

"It reinforces there will be a rescue and support for Greece," said Oliver Pursche, executive vice president at Gary Goldberg Financial Services. "It lays the groundwork for future rescue packages."

Investors have worried that mounting debt problems in places like Greece, Portugal and Spain would spread to other countries and hamper a global economic rebound.

The reassurance that Greece will get aid, if necessary, helped the euro rise against the dollar. The euro hit 10-month lows during the week.

But the gains faded as traders became uneasy after the extended string of advances, which have come on light volume. When trading volume is weak, investors often worry that only a small number of buyers are driving the market higher.

"Investors may be trigger-happy to lock in gains at any sign of selling," said Michael Sheldon, chief market strategist at RDM Financial Group.