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Strategies & Market Trends : Raptor's Den II

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To: velociraptor_ who started this subject	6/11/2003 4:04:02 PM
From: Prophet	Read Replies (1) of 3432

You always see this kind of run-up towards the end of the day when they are expecting bad economic news. Tomorrow is a big economic data day. Those analyst that track these type of data know they will be bellow expectation. Keep in mind that all the east cost has been rained out over the past four weeks (including today). No hot weather here in NY, and people are simply not getting out to shop, to vacation, to dine, etc. We will see tomorrow. They are two big factors for longs to overcome: The huge resistance at these levels, and the bad economic data. That should drive the market down for the next two days.

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