> I was reading the posts last night, i'm back in to work and strapped
> in tight, and I wanted to post a thought. Looking at the charts for
> timing, the tea leaves look like the low 7.60's are shaping up to be a
> break out point. I'd estimate that a close above that is an indication
> of the start of a longer trend. As some indicated this as area as an
> exit point. I realize everyone here is on different time frames. My
> best guess is a slow stair stepping toward the 9's beginning next week
> or so. Does this sound at all out of line? Basically, it looks like
> the price pattern in August. Its converging to a point and we're just
> about there. Does anyone else read the tea leaves?

> On Nov 6, 7:29 am, wijram <wij...@gmail.com> wrote:

> > Good Morning Think Tank & All~

> > One headline in the news this morning seems to sum up a lot today ~
> > "Futures Drift Ahead of US Jobs Data" ~ but more on that later.

> > Overnight, Asian markets were UP across the board ~ with the range
> > being from the Nikkei's +.70% to the Hang Seng's + 1.46%.  Europe at
> > this hour is following suit, but at a lower pace.

> > The DJIA futures are as one would expect from the above headline, a
> > undecided + 4 pts while the S& P is UP .6001 pts.  Oil is currently is
> > reflecting the weaker dollar at $79.87, up $.25.

> > For those that find the Pivot Point numbers useful, here they are for
> > F for today:

> > ++++++++

> >   Standard
> > R3 7.70667      Open:  7.36
> > R2 7.60333      High:  7.5
> > R1 7.52667      Low:  7.32
> > PP 7.42333      Close:  7.45
> > S1 7.34667
> > S2 7.24333
> > S3 7.16667
> > Observation: BULLISH with a closing price between pivot point and R1.

> > +++++++

> > Of course, the jobs report due out at 8:30 eastern time will likely
> > give direction to the overall market.  It should answer the question
> > being posed yesterday afternoon by many, "Can the market climb again
> > on Friday after a 200 pt gain on Thursday."

> > However, not even the all important jobs data will totally determine
> > the fate of the price of F common today.  Yesterday's volume, while
> > down significantly from the two preceding days, was still more than
> > sufficient to show that some "players" are in the game on this one.
> > The struggle between the bulls and the bears will, almost without
> > doubt be continuing today.  I suspect it will be even more fierce than
> > it has been in recent days.

> > Ford opened in the directed trade market this morning with a spread of
> > $7.42 - $7.50.  The first actual trade my system showed was at $7.47

> > So, as ALWAYS, interested in you thoughts.  In particular, where will
> > F open in regular market trading today?  How low will it dip, and how
> > high will it reach.  And, of course, where will it close this weeek?- Hide quoted text -

> - Show quoted text -