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Strategies & Market Trends : Rainier's Column
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To: HeyRainier who wrote (73)4/26/2000 7:03:00 PM
From: HeyRainier  Read Replies (1) of 106
 
Short term concern is the QQQ's inability to hold above some short term moving averages. Resistance held at key levels. Employment cost index is going to be released tomorrow, I think, and based on how the bond market behaved today, it's possible it was discounting an unfavorable number. Given the bond market's record, I won't place too much weight on having it bail out the market, especially behind such a strong CPI figure.

Hmm...hope those economists adjusted those expectations enough.

Rainier
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