Friday, October 5, 2007

Gap and Go

We are having a Gap and Go Day on the bullish NFP report, especially if we pullback into a 10.55 am CIT Low, we should close on our highs and retest the ATH today.

We are currently right at Trend line Resistance now (see chart). The 128 hourly (corrected from 130, 128=2 * 64 hours = 2 * 8 squared) Cycle arrived on 10/3/07 as a Low. Ideally we should now rally into 10/9@open Highs.

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