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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: rydad who wrote (36574)5/3/2001 2:28:38 PM
From: Sully-  Read Replies (1) of 65232
 
Anyone think we'll get a couple more days of selling?

The NAZ & many 4 letter stocks have just made new intra-day lows. The NAZ & many 4 letter stocks are still in a down trend..... I.E. the recent run has not broken thru to change the trend..... yet. The NAZ & many 4 letter stocks have several open gaps. Most gaps tend to get filled.

We had a weaker than expected employment report today. A number of 4 letter stocks have reiterated their low/no visibility for the near term. Lots of analysts are advising caution.

Looks like more downward pressure.... near term.

BWDIK?

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