30 March 2007

Fire In The Hole

Wow, so you get the feeling somebody really needed that extra .02% boost to their 1st quarter numbers. I guess 287 on the mutual fund list is better than 291. But if everyone plays the game who is to know.
"Strong market today, Mr. Yuk."
They spiked the NQM7 23 points off the 2:15 low and considering this will be the worst quarter since Q2 2006, it should have been fully expected. Yet, I felt anyway, that global tensions and skyrocketing energy costs might matter...think again. This "strength" does matter though, as it throws our bias way off and may take several sessions to work itself out of the system.I'll be back with the overnight look and some trade recommendations...jfg

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