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unemployment data and market


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#1 andiron

andiron

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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...

Edited by andiron, 22 March 2010 - 08:01 PM.