6A 03 12 (1 Min) 05.31.11

5/31/2011 Quarterly Advance GDP (1530 HI time / 2130 EDT)
Forecast: -1.0%
Actual: -1.2%
Previous Revision: +0.1% to 0.8%
SPIKE WITH 2ND PEAK
Started @ 1.0314
1st Peak@ 1.0354 – 1533 (3 min)
40 ticks

2nd Peak @ 1.0368 – 1542 (12 min)
54 ticks

Final Peak @ 1.0374 – 1602 (32 min)
60 ticks

Reversal to 1.0363 – 1621 (51 min)
11 ticks

Notes: Report was negative, with a small previous upward revision. This caused a healthy spike, with 2 follow on peaks and a minimal reversal on the tail end. If using JOBB, you would have gotten in long in the first 6 sec, then the retracement would not hit your stop loss before it continued to rise again.