Thursday, September 2, 2010
Squeeze Play
The market is set up to squeeze on the nonfarm payrolls report. There will be no graceful exits for the bears here, it will be straight up and likely the top of this rally will be right after the nonfarm payrolls number comes out. I have no idea how the number will come out, but with low expectations and a blowoff top setup, the odds are we go higher after the report. Gap and crap seems to be the most likely scenario.
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