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Strategies & Market Trends : The Amateur Traders Corner

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To: horsegirl48 who wrote (6513)2/26/2001 2:20:17 PM
From: Tom Hua  Read Replies (2) of 19633
 
hg48, I take it 1 day at a time. Right now I'm very long and holding CS too. Most traders are holding back today, waiting for the Conference Board survey of consumer confidence to be released at 10 AM tomorrow. A well below consensus reading lends support to the speculation of an early rate cut (this week), and markets will rally.

I think we'll see a push up into the close as some will try to get a little ahead of the crowd.

Regards,

Tom
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