Friday, January 9, 2009

Morning Observations 01/09/09

Equity traders had a different view of the Employment Report than the Premarket Futures traders. The rapid downtrend was on above average volume.

The market on the 5-minute chart did stay within the average distance from the open +/- 1 Standard Deviation. It also stayed above the 62% correction level on the longer term chart. The $TICK also has surprisingly stayed neutral at the end of the morning's trading.


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