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Re: Keith K post# 29957

Tuesday, 05/02/2006 3:27:45 AM

Tuesday, May 02, 2006 3:27:45 AM

Post# of 79026
LOD 2300.25 today in the COMPX.

Today's selloff was obviously overdone, and the market never reacts in any significant way to anything the Fed says or does.

At most, any reaction lasts a session, two sessions tops.

So I expect a bounce. We may see a narrow range day or a Doji first. I would prefer that actually, particularly if it was accompanied by high volume at the lows, and particularly if the lows did not drop any lower than today's.



T

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