nikoschopen
2,824 posts
msg #53677
- Ignore nikoschopen |
7/30/2007 3:56:02 PM
You have some important economic numbers coming out tomorrow like personal income/spending, consumer confidence, Chicago PMI, just to name a few. Any one of these numbers could tip the scale in either direction. But the downside risk obviously outweighs the positive potential. Hence the reason for the selloff leading into the close. But then again, there are still too many eternal optimists loitering around, so who knows where we might end up?!
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msummer2007
129 posts
msg #53680
- Ignore msummer2007 |
7/30/2007 4:34:30 PM
I predict a follow through day tomorrow. Those reports are another fudged number that the economists create. Stick your wet finger in the air, which ever way the Fed wind blows is the way the numbers come out.
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nikoschopen
2,824 posts
msg #53696
- Ignore nikoschopen |
7/31/2007 11:18:12 AM
Just like you said, every notable news item was more or less predictable. So why isn't the market screaming higher? Aahhh, such are Human beings.
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msummer2007
129 posts
msg #53698
- Ignore msummer2007 |
7/31/2007 11:33:59 AM
I believe the market will finish strongly, between 120-150 to the positive. It won't last long though. Just a guess!!!!!!!
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nikoschopen
2,824 posts
msg #53701
- Ignore nikoschopen |
7/31/2007 12:07:59 PM
For the S&P, there's an eerie resemblance to the pullback made in early June. If that's any indication, then I figure we'll get a small move to the upside today and back down we go for tomorrow. What a joyride! lol
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nikoschopen
2,824 posts
msg #53704
- Ignore nikoschopen |
7/31/2007 1:52:35 PM
Would you think of me as crazy if I said that we'll retest yesterday's low? ;)
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msummer2007
129 posts
msg #53705
- Ignore msummer2007 |
7/31/2007 1:57:18 PM
That is a bit extreme, but I do believe we might see that tomorrow.
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nikoschopen
2,824 posts
msg #53706
- Ignore nikoschopen |
7/31/2007 3:00:28 PM
Are you in for the thrill yet? lol
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nikoschopen
2,824 posts
msg #53707
- Ignore nikoschopen |
7/31/2007 4:00:17 PM
So am I crazy?? (wink, wink)
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msummer2007
129 posts
msg #53738
- Ignore msummer2007 |
8/1/2007 9:37:41 AM
Niko excellent call yesterday, all you needed to do was invert my prediction. Good Job Swarmi!!
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