Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: JRI who wrote (1081)	5/28/2001 5:17:07 PM
From: Michail Shadkin	of 6873

JRI - my market views and interesting trends Friday finally bad news became bad news for a change (or maybe it was just pre holiday profit taking) My guess is we will see more of this trend in coming weeks. Warnings season starts next week. This friday are the crucial payroll numbers. post memorial day NAZ has been 13-17 to the down side last 30 times. On thursday is months end, we could see some window dressing (12-5 to the upside last 17), but in my view that might be hard because of payroll numbers friday. Street should be very nervous about those. Quarter ending days are much stronger trends, 18-4 to the plus side last 22 on last day for June. CNBC will start talking about a possible summer rally this week. I dont see this as likely as in the past. Coming of giant NAZ rally last 6 weeks, might be very hard to keep the train moving. But a rally to 2500-2600 level is not out of reach. Also, not to forget, historically around July 17 it is usually big reversal trend days to the downside until mid october. I see NAZ below 2000 easily by mid october, followed by a very strong year end and january effect rally. Michail

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