Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: j g cordes who wrote (15890)	5/8/1998 8:03:00 AM
From: Clint E.	Respond to of 68070

I will, Jim...........Clint

To: j g cordes who wrote (15890)	5/8/1998 8:14:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 68070

Jim, Jobs data has not been released yet but let me just say this as to why I went long bank stocks and why I think jobs data will be interpreted market-friendly. One observation that I have made over the years of trading is that bank stocks are good representation of jobs data. In general, if bank stocks don't sell off ahead of unemployment data, I turn bullish and buy stocks ahead of Friday. Back in Sept. of 96, I went long stocks ahead of jobs data based on that indicator when market sold off sharply. I came on this thread and said something about how I am sure we will rally on Friday but didn't say why. That was our early days on this thread, before your time. There is one more observation that I don't want to share. It is has to do with tape reading. That said, keep an eye on SAVLY. It made a nice stop at my favorite 44 stop. Clint