fahrenheit friday

So, is the market going to run hot, cold or tepid today?

McHugh is suggesting tonight as the last leg up of a minor wave up, concluding the recent rally. So, either an intrasession high tonight or a decline starting monday.

Voltaire is suggesting I think a continuing run up now to mid may 08.

Analysis of the market internals, specially dow theory, suggests the market is kaput but doesn't give a time.

Monthly jobs situation out tonight.. has it really been a month since the last one? 'Friday: A strong jobs report would ease concern over the impact that the mortgage-market contraction is having on the overall economy, and in turn ease pressure on the Federal Reserve to further lower interest rates. But another weak report would heighten concern further and raise more talk of possible recession.' Equities will probably rally on a weak jobs report imho, cos of the implications for further fed rate cuts.

cheers!