Edited by andiron, 22 March 2010 - 08:01 PM.
unemployment data and market
Started by
andiron
, Mar 22 2010 08:00 PM
No replies to this topic
#1
Posted 22 March 2010 - 08:00 PM
this is rumored to be 200k+..a first since the heady days of 2007...i expect market to go higher in anticipation of that news..however, there are 8 trading days left to that...so expect 2-3 days of mild sell off and then 5-6 days of slow up days...so market is likely to gyrate between 1175-1140 levels...Post labor, we expect to have a good sell off....
So not to get too beared up is good here...
more importantly, market tone is quite positive..and bears are on the run w/ the slightest hint of profit...