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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (15056)	4/5/2002 10:41:56 AM
From: Susan G	Respond to of 26752

that was the Initial Claims report.. this one was new jobs/payrolls last months nonfarm payrolls ramped the market, cause the March rally (which is now totally gone) and squeezed the shorts hard, only to be revised down a month later. It also caused many to go long, and they got killed recently on those longs... It was a ploy to convince J6P to buy <g> and the big boys distrubuted into it, heavily. That's so obvious now... The economy may be slowly recovering, but corporate profits are not.