Review " Times 9/10/07: 11.00*, 11.45, 1.00*, 2.35pm and 3.25 pm"
Actual Times: 11.40 LOD, 12.55L and 3.25 pm High of the day. The V day manifested as expected and both the LOD and HOD came at exact CITs.
Key Times to watch for 9/11/07:
1. 12.20 pm for the HOD or LOD
2. 2.00 pm for the LOD
We currently have a Gap and Go patriotic rally underway, with Lows right at the Open. After the 2pm expected Lows, we should rally into the last hour. Any move above 1470 Sep SP will be bullish and suggests the Lows came in yesterday and 9/12-13 will be only a retest Low. Any rally today should be retraced tomorrow.
The last 4 gaps were made in the last 2 weeks, in a very erratic Market behavior since the 8/28 LE through the 9/11 SE.
The 9/12-13 Low should be a good time to get long for a strong rally into 9/18-19 next daily CIT.
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