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Strategies & Market Trends : Waiting for the big Kahuna

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To: robnhood who wrote (17742)4/30/1998 9:18:00 PM
From: Death Sphincter  Read Replies (3) of 94695
 
rrman.. looking for excitement of today to spill over early tomorrow....got the expected bounce aided by ECI, but GDP was not Fed friendly. bounce was stretched by short covering, if more excitement on open for some stocks , then more short covering. I may be trying to squeeze the last few $$$ out of my position and end up giving some back. Big drops like we just had have to be tested....it will happen. now that ECI bull inflation news is out what is left to REALLY DRIVE this puppy? i think fund managers will take a wait and see before they pump their end of month $$$$ into the market, they will have lots left to buy the dip.

carl
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