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Pattern Recognition
2008-06-17 23:04:27
1) Double Tops & Double BottomsDouble Tops do not only provide technical traders with a firm indication of a beginning downward trend; they also prove that price movement is not random, but rather is a clear indication of market sentiment. Double Tops occur when a new high is plotted, raising the resistance level. The price then retraces and declines, only to rise again and reach the same high
Read more: Pattern , Recognition

June Non-Farm Payroll - Consensus Estimate 50K to 60K Loss in Payroll Jobs
2008-07-01 18:52:00
The unemployment rate in May jumped more than it has in over two decades, reaching its highest level since October 2004 and emphasizing the recessionary risk the U.S. economy is currently facing. The civilian unemployment rate spiked to 5.5 percent from 5.0 percent in April, coming in much worse than the expectation of 5.1 percent. The last time the unemployment rate jumped half a percentage point
Read more: Estimate , Payroll

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