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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert New who wrote (76457)	5/3/2001 3:16:07 PM
From: t2	Respond to of 99985

Think the headline employment numbers could create some additional weakness in the a.m. Thus i sold a couple of positions yesterday and will look to reenter tomorrow. I view the numbers as a somewhat lagging indicator and we could see higher unemployment numbers in the months ahead. I'd view that weakness tomorrow as an opportunity to position one's self to the long side. Good idea. As just pointed out on CNBC, tomorrow's number is an Employment number while today's was a Unemployment number...I believe they implied that today's could have been just a lagging indicator. That leads one to consider: Is there risk to holding short positions overnight? Is there risk in holding a long Bond position overnight? Will the bond investors bail out and some gets shifted to stocks, given today's moves. If we get a sell on the news tomorrow in bonds, it has a good chance to actually help stocks anyways. For traders, it may not be worth the risk to take the positions short overnight positions....why take the chance. Tomorrow's numbers may not be as friendly to the bear case. For those reasons, I expect a rebound but not enough to erase all the losses...too late for that. The only thing that could do that is if we find that the Appeals Court is about to rule on the Microsoft case soon. That decision could be here any day. Can't wait to trade on that day.