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To: Jerry Olson who wrote (78170)8/1/2003 8:58:28 AM
From: AllansAlias  Respond to of 209892
 
Yeah, everyone in the world who has the slightest technical bent is watching SPX 980 area. I figure the market has to do something other than give a cute bounce from this widely watched support.

Only two charts matter here imho: $SOX and $BKX



To: Jerry Olson who wrote (78170)8/1/2003 8:58:55 AM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Don't forget Michigan Sentiment at 9:45 and Chicago PMI at 10. Since the Michigan report is already known by the big houses who pay for the privilege, it probably is moot compared to the the employment numbers. PMI? Well, heck, I dunno. But I do know it'll be issued!

the freep



To: Jerry Olson who wrote (78170)8/1/2003 9:00:48 AM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 209892
 
OJ, i've seen these employment fridays turn around and rally often...aftre a gap down

that is my bet, cause they just can't have this go down...

now the spin /excuse wil be the ISM #'s 10:1 they will be spun as good!

thus the impetus for the reversal @ 10am