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By Ken Little, About.com Guide to Stocks since 2004

Markets Back Off in Profit Taking

Friday January 13, 2006
After an aggressive run, the markets gave up some of their gains Thursday to profit taking, which was not unexpected. The retreat was broad with decliners leading advancers by 2 to 1 on the NYSE. This ratio - the advance/decline ratio - tells you whether changes in major indexes were isolated or broad-based.

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