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Strategies & Market Trends : Technical analysis for shorts & longs

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Nov 26 4:00 PM EST

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To: d. alexander who wrote (23310)	9/1/1999 12:12:00 PM
From: Johnny Canuck	Read Replies (3) of 68358

Dorothy, You bring up an intersting point. Depending on ones risk tolerance, the trading on the BKX components the day before can be a good indication of the impact of the jobs report. I think it is less of a well kept secret than you would think. It is not a 100 percent indication, but it can help you determine direction. The impact of the actual jobs report, I anticipate, will only have a intra-day effect as most traders will close their positions in advance of the long weekend. That is the inefficient that you are trying to exploit. Keep in mind too that most traders will call it an early day, so trading in the the later part of the day is not a good an indication of market sentiment. Harry

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