12/13/2011 FOMC Statement / FED Funds Rate (0915 HI time / 1415 EST)
SPIKE WITH 2ND PEAK
Started @ 101.10 (0913)
1st Peak @ 100.41 – 0926 (13 min)
Reversal to 101.01 – 0931 (18 min)
60 ticks (2x top)
2nd Peak @ 100.43 – 0941 (28 min)
Notes: *Report broke 2 min early at 0823. Report was not biased positive or negative as the FED reported the US economy is expanding moderately and left their policy unchanged. Again, DO NOT USE JOBB due to uncertain release time. After seeing the 0914 candle I would get in short on the 0915 candle after it retraced up at about 101.00. After seeing it cross the 100 SMA, the 200 SMA and the long wicks on the 0924 -0926 candles I would get out on the 0928 candle at the latest when it went above 100.65. Even then, after revering upwards it came right back down to almost the same level, then seesawed for the next hour.