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Strategies & Market Trends : The Amateur Traders Corner
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To: Paul A who wrote (13490)9/6/2001 10:09:34 PM
From: Tom Hua  Read Replies (1) of 19633
 
Paul, The heavy selling today was partly due to general fear of bad news from INTC and a repeat of market reaction following SUNW's update last week. As you can tell from my relentless buying today, I turned bullish for the first time in weeks. I think market is due for a short term bounce which will come tomorrow if the unemployment report doesn't spoil the party.

If the report shows unemployment at 4.7% and nonfarm payrolls declined less than 40,000 in August, I think we might see 60-80 pts gain on the Naz tomorrow.

Regards,

Tom
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