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Pastimes : QQQ & DIA - chat & chart
QQQ 608.86+0.1%Nov 14 4:00 PM EST

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To: the-phoenix who wrote (110)5/3/2001 11:00:20 PM
From: Jon Khymn   of 795
 
Let's see what's going on here...been so busy past few days.
Even if I had time, nothing much to add here.

So far Q still in track. Moving up 2 steps and falling back one step.
I think Q 45 is the critical line, if it breaks I'll probably bail out with one point loss.

With Fed meeting getting closer, tomorrow's jobs report has a special meaning.
Most are worried that if the number is bad then stocks will tumble again.

If the Fed meeting wasn't so close, yea we'll have nice tanking ahead with the gloomy news.

BUT if the numbers are good, the chances are FED will NOT cut the rate again when they meet and the market will tank.
If the numbers are bad, we might get another 1/2% cut after all.

So, I am confused whether to pray for a good report or a bad one tomorrow...
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