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


To: ALTERN8 who wrote (97150)10/30/2003 12:03:15 PM
From: Kaliico  Read Replies (2) | Respond to of 208838
 
A8, I say today is a classic buy the rumor sell the news event.

that being economic news. something that bothers me here is that increased government spending has not one iota of mention in todays report. That spending is deficit based and very very unhealthy for the long term viability of an sustained ecomonic recovery imho.

as for the rest of the day I see tha NAZ has simply pulled back to yesterdays and or 10/27 upward trend line, as long as that stays intact, it's the slow grind up from here.

buy the dips. watch the retail sector now for more direction.