Thread: Pick The Dow
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Old 01-09-2004, 10:13 AM
bazanster2 bazanster2 is offline
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Join Date: Jul 2001
Posts: 7,949
Default RE:Pick The Dow

Hello BG,

Well, forgot about the store sales reports,
as well as the Initial Claims report this morning [img]i/expressions/face-icon-small-sad.gif[/img]

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Jan 9 :

8:30a ......... Nonfarm Payrolls
8:30a ..........Unemployment Rate

Traders have been waiting for these numbers.
There is some antipation that they'll be dissappointing.
Which would probable cause a sharp sell off after the tear the Market has been on.
As soon as the reports are announced, some kind of run should ensue.

So at 8:35 am (eastern) would see the direction and strength of the move.
If's the "Future Indicator's" are positive, would go Up. If their down, would go Down.


Am expecting a big move one way or another at least 50-75 Dow points .

US Future Indicators

The one problem with this stategy is that sometimes, the Market Opens well over the
Previous Close, if there isn't enough more compelling factors to maintain the momentum,
the Market tends to drift lower.

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have a great weekend and good luck in the Play-Offs,

baz
[img]i/expressions/face-icon-small-happy.gif[/img]




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