Thread: Pick The Dow
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Old 07-14-2006, 06:55 AM
bazanster2 bazanster2 is offline
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Join Date: Jul 2001
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Default Pick The Dow

BG,

Normally would expect a good chance for a bounce after 2 days of selling.
Intail Claims before the bell.
Speculating on a neutral to positive Intial Claims Report.
Dow up intially, but fades. Particularly in the last half hour of trading.
Traders unwilling to be explosed to possible over the weekend events.
In this enviroment, it won't take much for traders to sell off.

Going with DOWN on Friday.

Nice rebound forXSNX, didn't see any new news to account for
today's rebound. Looks like a bit of a short seller's squeeze.
Volume unconvincing, stock not out of the woods.
Would remain on sidelines and await more upward momentum.

gl,

baz

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