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


To: Connor26 who wrote (17401)5/14/2002 11:52:03 PM
From: Susan G  Respond to of 26752
 
And I'm sure this won't last forever <g>

That was a good trade! Not easy to swing trade lately and you did well.

Even if the bottom IS in, we will have pullbacks. Would be nice to see healthy pullbacks, A BASE put in on the indexes which is needed for any further moves up, and to not see these rallies taken back in 50 pt a day swoons on the next economic numbers!

I also want to see that bullish morning star doji reversal confirm next week with another up candle - and to hold today's high. And for the breakaway gaps NOT to get filled. Because if they fill, it puts us back under that descending triangle and in the danger zone for retests again.

The best thing to see right now would be no reaction to some bad news, which would show that buyers have conviction and are not going to run straight for the door...



To: Connor26 who wrote (17401)5/14/2002 11:53:45 PM
From: Susan G  Read Replies (2) | Respond to of 26752
 
a bunch of numbers out early tomorrow...the jobless claims is the one with market moving potential.

8:30AM: April Import Prices
Consensus estimate: 0.5%. Previous:+1.1%.

8:30AM: Initial Jobless Claims
May 4 Week. Consensus estimate: 410K. Previous:-10K.

9:30AM: Chicago Fed President Moskow
addresses the Conference on Bank Structure and Competition in Chicago.

9:45AM: Federal Reserve Vice Chairman Ferguson
speaks on Business Resumption Plans Post-Sept. 11 at the Conference on Bank Structure and Competition in Chicago.

10:00AM: DJ-BTM Business Barometer
Previous:+0.4%.

12:00 NOON:. March Chicago Fed Midwest Manufacturing Index
Previous:+0.5%.

2:00PM: Federal Open Market Committee
releases minutes of March 19 meeting.

4:00PM: Money Supply.