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Strategies & Market Trends : Ask DrBob

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To: bcrafty who wrote (68943)	10/29/2002 11:43:36 AM
From: herry iball	Read Replies (1) of 100058

Just thinking like a contrarian.... maybe not? the general thinking has been 1. buy the pullback 2. high probability (historically) for run into elections 3. bad news implies fed cut so, if the consensus is good chance for a move back up this week, mayhaps not? With today's numbers, the question is, will the large players ante up into Thursday's reports, knowing that they could be just as bad as todday's? We've already had a round of buy the bad news, so do they have the ammo for doing it again?

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