Friday, October 5, 2012

Gaps Up to Short-Term (but not Intermediate-term) Highs on Employment Days

A positive reaction to the employment report has the market ready to gap up this morning.  Below is one way that I examined some odds for the day...

I wouldn't get too excited about this with the low sample size, but early indications appear to suggest a mild hint of a downside edge between now and the close.

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