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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: j g cordes who wrote (15860)	5/6/1998 8:28:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 68330

Jim, at this point all eyes are on AG tomorrow. I think tomorrow is more critical than Friday. Once he speaks his peace(I seriously doubt that he would bad-mouth the market), the pressure will be off. I think that with rising initial claim numbers the unemployment data will be market-friendly on Friday so I am not too worried about that. If we perk up after Greenspan, to wait until Friday and long stocks could be too late, although it is the safe thing to do. I am ready to get back in. What time AG speaks? Do you know? Bob was saying 10:30 AM EST. I'll like bank stocks like BAC and CCI for tomorrow. BKX has been hammered lately and if AG/Jobs data prove positive for the market, they'll stage an oversold rally. BTW, do you see the topping pattern in stocks and markets. It is so evident even in strong stocks like LU, TLAB, BMCS. We'll be consolidating for a while. Clint