6A 03 12 (1 Min) 01.24.11

1/24/2011 Quarterly CPI (1430 HI time / 1930 EST)
Forecast: 0.7%
Actual: 0.4%
Previous Revision: n/a
SPIKE WITH 2ND PEAK
Started @ 0.9451
1st Peak@ 0.9415 – 1431 (1 min)
36 ticks

2nd Peak @ 0.9406 – 1436 (6 min)
45 ticks

Reversal to 0.9438 – 1558 (88 min)
32 ticks

Notes: Report was negative, falling short of expectations. This caused a healthy spike, with a follow on peak 6 min later. Since no SMAs were crossed on the down spike, I would wait for the 2nd peak. Stay in until the 2nd peak on this report. Reversal yielded 32 ticks, but took over an hour to achieve its max just short of the 200 SMA.