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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (9180)1/3/2006 9:32:47 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
DOW - 10764 - pretty much hod- watch how fast it goes red-



To: Smiling Bob who wrote (9180)1/3/2006 10:39:58 AM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
Market Update
10:30 am : Turning south, the indices now trade on red turf. Along with with continued weakness in General Motors (GM 18.58 -0.84), a sharp decline in fellow Dow component Wal-Mart (WMT 45.83 -0.97) shares can be partially credited for the broader market's shift. The world's largest retailer today announced that it expects December same-store sales of +2.2% - the low end of its previously-forecasted +2-4% range. As a result, retail industry is off about 1%. Separately contributing to the market's move was the December ISM index, which fell a stronger than expected 3.9 points to 54.2 (consensus 57.5) - a four-month low as both demand and production fell off more than expected. As the read is above 50, the index still reflects growth, though. Construction spending, meanwhile, rose a lower than expected 0.2% (consensus 0.7%) in November.DJ30 -25.60 NASDAQ -10.84 SP500 -1.02 NASDAQ Dec/Adv/Vol 1492/1238/453.2 mln NYSE Dec/Adv/Vol 1239/1793/303.8 mln



To: Smiling Bob who wrote (9180)1/3/2006 3:38:36 PM
From: Smiling Bob  Read Replies (1) | Respond to of 19256
 
DOW 10857 was trading in expected range prior to Fed news
I'd be taking advantage and build heavy short positions
Will take a lot more than rate stability to fix what's wrong