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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: clutterer who wrote (9329)	7/5/2002 11:04:07 AM
From: Joe Stocks	Respond to of 16631

I think it's a little early to get excited about a rally on a Friday after a holiday. Appears to me to be a short-covering rally off of low volume and relief that we got through July 4th. The labor report was week today and still not much good news to drive these stocks that much higher other than manipulation by big money to draw in retail buyers and to get the shorts to cover. The smart shorts covered Tuesday and Wednesday as today's action was fairly predictable with a safe July 4th. I always find it best to lighten up on shorts around a holiday. Low volume and too much positive pyschology. JMO, Joe