Sabahul Khayr = good morning in Arabic
contemplate this chaps
" Markets Trade Flat Until 3:30pm ET When The Jump Higher...Does This Mean A Good Jobs Report?
By InTheMoneyStocks.com on September 3rd, 2009 5:32pm Eastern Time
The market traded the lighest volume of the year. With this, the markets were flat for the day going into the 3:30pm ET time frame. Then, as if someone or some people knew the Employment Data results tomorrow, the markets started to run higher. A buy program hit, closing the markets near their highs. Could this mean a positive Employment number tomorrow? We have seen this before. The Unemployment number to hit tomorrow is 9.5%. That is what the market expects. General thoughts are losses of 200,000 - 250,000 jobs for last month. This would show continued slowing in job losses and could set us up for a rally tomorrow. Tomorrow will have very light volume starting around 10:30am ET, as most traders will be leaving early for the long holiday weekend. Watch gold tomorrow as it came into the $1,000 resistance today. That is a solid resistance level. Keep an eye on the dollar as well. Dollar higher usually means market lower and vice versa. Late in the day, the move up was headed by the financials, this could also show us signs of a positive jobs number tomorrow. Should the jobs number come in with a loss of 300,000 or more, expect a lower market. 200,000 or lower, should cause a rally, while between 200,000 and 300,000 could mean a neutral day."
so much for laissez fare, free markets and capitalism