CL 10 11 (1 Min) 09.02.11

9/2/2011 Monthly Unemployment Report (0230 HI time / 0830 EDT)
Non Farm Jobs Forecast: 74K
Non Farm Jobs Actual:0K
Previous Revision:-32K to 85K
Rate Forecast: 9.1%
Rate Actual: 9.1%
SPIKE WITH 2ND PEAK *with premature 50 tick upward spike
Started @ 87.67
1st Peak @ 86.31 – 0231 (1 min)
136 ticks

2nd Peak @ 85.68 – 0307 (37 min)
199 ticks

Reversal to 86.26 – 0315 (45 min)
58 ticks

Notes: Strongly negative report that fell short of the forecast causing a healthy spike downward. However, the market uncharacteristically shot up about 50 ticks 2-3 sec before the report broke. This would have gotten you in long before taking you short to your stop loss. The numerical analysis above is with the removal of the 50 tick pre report spike. I would get in going short again around 0239-0243 and ride it until after the open.