Friday, June 5, 2009

What can it be?It is Friday SO check the NFP!

The chart to the left shows the tops and bottoms that lined up. 
Last night I was talking to one of the members via email (apparently I am not alone in the desire to work 24 hours a day)we were discussing overnight trading and if members listened to me a small fortune under very low stress conditions was  made. I gave you the lows and the high and the times where the range would be valid. This was truly a no-brainer although that expression is often misused I really took care of the hard part for you.
When it was all said and done I sold at 69.49 still short with a stop in place and went to bed.

The NFP is up- the way 69.52 was defended leads me to believe that point that  I drew in as resistance has more evidence that it is. If the Jobs come good we will low through 
BAD and the floor should drop out and if unchanged we should drift lower.

So I take out my Bear Costume  and we are expecting 9.2% jump so lets look alive and 
adjust when the NFP numbers come out accordingly.




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