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RECAP FOR THE WEEK OF: Jan 12, 2009
"Most activity should be found in the first 3 days of the week; although, my volatility indicator is very low for the entire week.
Expect a mid-week reversal."
RESULTS:
Last week's prediction was that one of the first three days of the week would be the most active day. As things turned out, Wednesday was the most active day with a 248 point loss, and a 305 intraday point swing.
No mid-week reversal. Friday may have been the beginning of a reversal, we'll have to wait and see.
View recent OEX REVERSAL dates.
ALL CURRENT RECOMMENDATIONS
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OPTION
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ENTRY
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HIGHEST PROFIT
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SYMBOL
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DATE
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PRICE
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PRICE
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PERCENT
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FORECAST FOR THE WEEK OF: Jan 19, 2009
Thursday is expected to be the big mover this week, as well as a reversal.
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FINANCIAL EVENTS THIS COMING WEEK
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Tuesday, 20-Jan-2009
10:00 State Street Investor Confidence Index
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
Wednesday, 21-Jan-2009
07:00 MBA Purchase Applications
07:45 ICSC-Goldman Store Sales
08:55 Redbook
10:30 EIA Petroleum Status Report
01:00 Housing Market Index
01:00 4-Week Bill Auction
Thursday, 22-Jan-2009
08:30 Housing Starts
08:30 Jobless Claims
11:00 3-Month Bill Announcement
11:00 6-Month Bill Announcement
11:00 2-Yr Note Announcement
11:00 5-Yr Note Announcement
11:00 20-Yr TIPS Announcement
04:30 Money Supply
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Friday, 23-Jan-2009
10:30 EIA Natural Gas Report
Monday, 26-Jan-2009
10:00 Existing Home Sales
10:00 Leading Indicators
11:00 4-Week Bill Announcement
01:00 3-Month Bill Auction
01:00 6-Month Bill Auction
01:00 20-Yr TIPS Auction
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Source: MyPivots
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