MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: t2 who wrote (76444)	5/3/2001 2:35:28 PM
From: Robert New	Read Replies (1) of 99985

Think the headline employment numbers could create some additional weakness in the a.m. Thus i sold a couple of positions yesterday and will look to reenter tomorrow. I view the numbers as a somewhat lagging indicator and we could see higher unemployment numbers in the months ahead. I'd view that weakness tomorrow as an opportunity to position one's self to the long side. The volume today is much lighter on the Comp versus yesterdays volume on the move up. Thus I remain constructive going forward. Lots of good trading opportunities out there...

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