Thursday, December 3, 2009

Another Failed Attempt

Another failed attempt at the 1110 to 1113 range. I don't know how many times the market can make a run at it, fail, and gear up for another run. Cannot be considered bullish.

The jobs number is very interesting tomorrow. If your a bull you have to be nervous. Most are expecting a surprise to the upside because of seasonal factors. If you get this good jobs number I am not sure the market goes up. It could be sell the news or it could be sell the fact that the economy may be stabilizing so the government may slow on pumping liquidity. The inverse is if the number is bad. That may not be good for the stock market either.

Dangerous day for bulls tomorrow.

No comments: