Thursday, September 6, 2007

Today's Markets

Today was pretty much a holding patterns day since most traders are waiting for tomorrow's employment report. After 11 the market traded sideways until the close.



Here's today's action at the 5-day level. It's simply more of the same sideways action.



And here's the action on the daily chart. About the only thing to notice here is the second inside day after Tuesday's move up. This is nothing more than consolidation.