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Strategies & Market Trends : Temp. Home of Cooperative Group-Trading -- Ignore unavailable to you. Want to Upgrade?


To: Rajiv who wrote (684)5/30/2000 4:11:00 PM
From: Tom Hua  Read Replies (5) | Respond to of 790
 
Rajiv, historically, the day after Memorial is a strong up day, and this year proves to be the same. I closed out more than half of my short positions on Friday and went long based on this data point alone. Today I did the opposite.

Today's volume is light, still a lot of buyers are sitting on the sideline, probably waiting for the employment number on Friday.

Until Greenspan signals the last of fed hike, I think rallies are not sustainable.

Regards,

Tom