CL 01 13 (1 Min) 11.27.12

11/27/2012 Monthly CB Consumer Confidence (0500 HI time / 1000 EST)
Forecast: 73.1
Actual: 73.7
Previous revision: n/a
DULL REACTION
Started @ 87.78
1st Peak @ 87.84 – 0501 (1 min)
6 ticks

Reversal to 87.60 – 0506 (6 min)
24 ticks

Notes: Report barley exceeded the forecast and caused a dull reaction of only 6 ticks. With JOBB you would not have been filled if you had a bracket of 7 or closed out your order after 12-15 sec. Since it was in a short term upward movement that was finding resistance on the 100 SMA with the 200 SMA looming just a few ticks higher, it could not go long without a good driver. After 2 bars of flirting with the 100 SMA, it reversed down to eclipse the 50 SMA and PP Pivot for 24 ticks.