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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (33854)	8/29/2001 12:33:50 PM
From: j g cordes	Read Replies (1) \| Respond to of 69887

GDP is hindsight.. but because sentiment readings were down yesterday even a plus GDP backfired. 1. Yesterday.. sold off on sentiment numbers 2. Morning rally today on better than worst case GDP 3. Then selling after realizing that next (lagging) GDP will probably follow yesterday's lower sentiment reading. Friday is an independent Michigan sentiment reading Next week "traders" are back.. we'll just have to wait. ----- As we've talked about before, the consumer has been portrayed as the lynch pin who will hold the economy together even as tech and gov spending go sour.. sentiment is showing the consumer may be unwilling. If that becomes the news of the day it will be self fullfilling.. hard to see with current trends how the Apr lows won't be tested