what we are seeing today is normal sell on the news that we were looking at, i see limited downside here, maybe 2800 area worse case,probably 2850 will hold, but now the election is out of the way, and we will focus on the fed, ppi is next big market mover, comes out tomorrow, we need good ppi number to reassure market greenspan has room to cut, im not seeing inflation and oil is coming down, fed rally should be starting soon, next 200 point move is up,
and if i liked exds this morning at 34 5/8, i love it under 32 this afternoon, seems like everyone is warning showing the effects of a slowing economy, yet the market is no longer tanking on bad news, we are conolidating for another
nice move, i would expext us to close the week over 3000 on the naz
disclaimer- i have been wrong before |
