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Friday, February 6, 2009

Market Action

All we can say is what a ride we had today in the markets. We were not convince of the market moves in the pre-market action; as the Job numbers were worry some, but Feb 4 let the air out of the number and the number will get worst as we go along. The market was passed the Job Numbers and started to look foward to the Stim Package to be release on Monday. GS did not act right at all on Feb 5; it did not partake in the market moves. We were look for opportunties are the came along. Feb 6; we played small ball (small trades) in and out (scalping). . . Monday should a good one again to the downside (sell the news) we will see and possibly some continutation on Friday's move for the most part. . .?!

GS +4.20%
JPM +12.63%

Closing Dow and Nasdaq Numbers

DJIA 8,280 +217.52
NASDAQ 1,591 +45.47