Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 671.91

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Nov 14 4:00 PM EST

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To: GROUND ZERO™ who wrote (31544)	5/2/2012 7:58:09 PM
From: Gary105	Read Replies (3) of 218833

Technical action supports your opinion. However I think we are due for a much lower open on Friday (similar to today or worse) - I'm not sure whether we will recover later in the day or not. I think we decline on Friday because of poor jobs numbers. The BLS numbers (Friday) are generally lower than today's ADP numbers which only address the private sector. Todays numbers show 119k new private jobs. Fridays expectation is for 162k new jobs (public and private). I think they will be below 100k and the market will react negatively. If we move up or even stay flat tomorrow, I will probably buy SDS with the goal of selling part on Fridays market decline. Comments welcome

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