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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: TATRADER who wrote (8600)	5/7/1999 7:02:00 AM
From: dealmakr	Read Replies (1) \| Respond to of 59879

Good Morning Mark, Crude down overnight along with gold. Globex S&P currently down 3.00, with fair value about -4; mrci.com The street is waiting on the employment numbers to come out @ 0830, consensus estimate is around 215000 or so, a much higher number could have some negative impacts on the market due to a percieved increase in inflationary pressures in the job market. Keep an eye on the TYX (treasury bond index) that has broken support @ 5.75, a higher number indicates rising interest rates (bearish). Should be a volatile day with a reaction either way on this data. Greenspan didn't give too much solace yesterday for the bulls either. Big buy programs hit the market late yesterday to reduce a better than 100 point loss in the Dow. Currently holding GEFB (GE June 110 calls) as a proxy to a slightly bullish overnight stance in the S&P 500, if GE doesn't rally with the market I will close them, if the numbers come out bearish will probably take a hit. Good luck with BEAM. Another site to check for some market analysis from the folks at the MDA thread; homestead.com Good Trading Dave