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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?


To: tsigprofit who wrote (12301)3/27/2003 3:49:40 PM
From: moufassa7  Read Replies (1) | Respond to of 13660
 
NAZ has formed a beautiful trading range this week between 1370-1400. Trade the break. IMO.



To: tsigprofit who wrote (12301)3/28/2003 7:22:33 AM
From: moufassa7  Read Replies (1) | Respond to of 13660
 
As the war grinds on, the shock and awe of traders will recede. Barring a break through, it appears to me that we are in for a grind it out war ahead. Based on the British handling of Basra, I doubt the marines will charge into the streets of Baghdad for some time. Traders will begin to focus more on the economy starting 4/1 when the only report that seems to matter these days is released. Tuesday morning's release of the March ISM numbers should start sending the market lower. Friday's monthly employment report will not help the bulls either. IMO. A week later we enter the earnings and confessional season, again no help for the bulls. I think April will end sharply lower than where it starts. IMO.