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at 7:00am GBP Interest Rate Statement No change expected 5.75% -Thanks for the analysis, Anek is that based on 5000 volume bar?

6:00am drop in ES CNBC just reported that the China central bank raised its reserve requirement by 50 basis points also at 6:00am, drop in ES might be related to German Factory Orders m/m REPORTED -7.1% expected -2.2%

I'll tell you what, jagmont, if I am at my trading desk, I will post the headlines 5 minutes ahead of scheduled release.

Headlines do move markets and you should know when they are due. jagmont, Everyday, on one of my computers, I input times and headlines into my microsoft outlook calendar (it's like a day planner for appointments) of the headlines I know have caused market reactions i the past (not all...

GAP OPEN from 8/31/07 (discount rate cut sponsored vault higher). During 8/31/07 session prices partially filled gap with swing low print of 1467.75 Gap remains open to 8/30/07 4:00pm close of 1460.75 But there was a late afternoon swing high (8/30/07) to 1464.50 near 3:27pm. focus...

they already came out. AT 10:00am. I even posted the numbers here. Weren't you looking at your forexfactory.com? expected-2%, reported (at 10:00am) -12.2%

pending home sales expected -2%, REPORTED -12.2%

Coast to Coast to Coast? I tried to replicate BigBubba's trend lines yesterday, and this morning, it looks like we've hit the support line of the channel.

nice

HolyGrail, do you have a target, or just trailing stop?

10:00 am east coast time was also the time of release for the construction spending number.

saxon, I only offered you a possible reason. I don't think the ISM is a factor at all today. Don't you think that if the ISM was going to have a negative impact on the markets that the selling would have happened when the report was released (at 10:00am east coast time)?

maybe weaker manufacturing can be viewed as impetus for fed rate cut

thx

volente, could you please briefly state your T day observations.

I think rollover should be Thurs Sept 13 because expiration is not until Sept 21.

Consumer confidence comes at 10:00am, maybe that will force fencesitters (like me) to jump into the buy pasutre or the sell pasture.

saxon, tough call I like to see a 1 minute bar with over 15,000 contracts traded to suggest intraday capitulation., but as far as numbers for price, this is the area 1458.50-1457.25 for a bounce.

JSS, when you say "head fake" are you talking about A) a drop that recovers strongly -or- B) a move higher that reverses?

FOMC minutes: That meeting occurred BEFORE the Fed's Discount Rate cut. That cut, though primarily symbolic, represents a new perspective for the Fed and could possibly relegate the minutes to a true case of "yesterday's news." Just a thought.