could be a fade day tomorrow--why ?

Discussion in 'Chit Chat' started by NY_HOOD, Dec 3, 2008.

  1. be alert tomorrow and remember that the big bad jobs report is tomorrow. usually,after a big rally,the market sells off the day before the jobs report comes out even though conventional wisdon says its priced in.
  2. i mean the big bad jobs report is friday morning so be on alert for a fade tomorrow afternoon. all i am saying is keep that report on your radar.
  3. I do think this market is quite overbought if you look at the mclellan oscillators. But in the past, the true test of a recovery is when the market does not correct on an overbought reading.
  4. Very good point! Also, as someone said, unexpected will happen time and again.:)
  5. kxvid


    Its always a fade day as far as Im concerned. Too much event risk going long.
  6. i definately agree - it could be a fade day, unless it goes the other way