Bad Jobs #

Looks like the ADP was right this time, but we're still gapping down big.  I am a bit surprised that we are gapping down so hard even with an expectation of a bad number by most.  It emphasizes the weakness of the current market.  We are now at that 1295 area where I believe there is a fair amount of support as it is the lows of April from where we bounced 70 points.  So the first half of the day should make back some of these losses at the lower open.  But I would sell that rally off the open quickly.  By the end of the day, we'll probably give most of it back.