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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: SusieQ1065 who wrote (62830)7/27/2002 3:04:56 PM
From: SirRealist  Respond to of 208838
 
cbs.marketwatch.com

So Tuesday at 10, consumer confidence will reverse whatever the first half hour brings. The day will end badly as folks anticipate bad news with Wednesday's govt restatement of 99-01 econ indicators (anyone know the TIME that's due to be reported?).

So Mon-Tues down.... I won't be surprised if NASDy runs above 1300 first to panic goldholders, but gold will rally before the day is out

Wednesday, the govt reports will look bad but we priced it in, so a late rally oughta save it.

Thursday down on domestic auto sales.

Friday should be an up day, but will be contrarian, and go down, raising fears for the following week.

Target: 1125 for NASDAQ, 6950 for the Dow by Aug 5.

A week of yo-yo to follow; horizontal trading till Aug 12th. With CEO restatements due, a late rally begins 8/13.

Am I thinking like a Central Banker yet? <GG>