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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?


To: Win-Lose-Draw who wrote (1032)2/7/2003 9:38:13 AM
From: t2  Read Replies (1) | Respond to of 11447
 
If this market cannot lift off after the jobs report, we should get our late day selloff as all those that tried to buy the 1300 bail out. I suspect we close very negative for the day...Nasdaq 1260-1280..my gut feeling...
..unless they are able to rocket this thing a lot higher in the next 1 hour or so (i doubt it).

My hunch is that we are in the midst of accerating outflows from mutual funds...and selling on any "good news" is just an opportunity.