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Thread: Today's Results and Friday's Trend?

  1. Default

    Narrow range

    Low volume

    Economic News out on a Friday in October.

    History (both lived and studied) shows some interesting moves based on the current contraction today.

    Thoughts?

  2. Default

    Recent highs were achieved on relatively low volume, Chinese stocks were on a tear going into March's drop off, credit crisis is far from over and the recent 10% correction seems to have been too short lived, and the energy sector should start to fall off for a little bit. I guess I'm saying that I expect another round of heavy volatility and sub-1500 spooz. Just an opinion not a forecast.

  3. Default Today's Results and Friday's Trend?

    I like the facts and opinions you presented.

    I'm with you Tony, predicting is a waste of energy....but seeing how the markets "react" to facts and events is educational.

    Thanks for the response. Tomorrow will be enjoyable to say the least.

  4. Default

    The problem with this is that the market is schitzo and will react differently to the same news.

    Eg.possible headline for tomorrow:

    "The market rallied as disappointing job numbers made traders more confident of further rate cuts."

    or

    "The market tanked as disappointing job numbers made traders fear a nearing recession."


    The 20/20 hindsight reporting on CNBC does not help.

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