well... I say we rally, and the number depends on the amount. if it's positive 400+ points
if the payroll is better than negative 30K, then 300pts.
better than negative 70k, 200 some odd points.
So... my charts say after this we are due for a pull back.....
I'm not sure how to trade it.
I'm very tempted to just stick with my financials and ride them out.. maybe trade around a little.
I keep whining about how tired I am.....
I wonder if we rally and it ends either on friday or Monday.... maybe we drift up for a while..
maybe we drift down for a week and we are disappointed by earnings and start trading back down....
I'm a little stumped.
Thursday, April 3, 2008
nfp day
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2 comments:
Morning,
Me too, I really don't have any idea of NFP, based on ADP report as well as ISM (both manufacturing & service) employment index, it should show a better than expected no. However, based on four day moving average of initial claim, we should a worse than expected no.
I incline to a better than expected, (I might be wrong :))
Anyway, let's see.
To note, is that the volitilty has eased. I expect a pull back after this... depending on the number..
I'm working on some charts
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