ES Journal Archive (2006 - 2008)

I doubt it, it did not decline much. The drop is not significant for the fed to do much about the rate imho.

 

today killed a ton of traders trying to fade as there was zero pullback. just a slow grind up

 

saxon,
I only offered you a possible reason.

I don't think the ISM is a factor at all today.

Don't you think that if the ISM was going to have a negative impact on the markets that the selling would have happened when the report was released (at 10:00am east coast time)?

 

US construction spending is being reported as weakest in 6 months .... and the market keeps on going up.

 

Definitely

 

10:00 am east coast time was also the time of release for the construction spending number.

 

well.... I just got it. Which brings me to a question: what is the best source of obtaining such information as they unfold? Any websites?

 

Why do you state that?

 

Short here

 

http://www.elitetrader.com/vb/showthread.php?s=&postid=1572370#post1572370

http://www.elitetrader.com/vb/showthread.php?s=&postid=1581923#post1581923

blackguard