Whipsaw City
David Goldring
Friday, September 03, 2010

Another broad based buying effort sent stocks surging higher for a second straight gain ahead of Today’s non-farm payroll report. The major indices have gained almost 5% since Tuesday’s low. So much for our prediction that any upside would be limited ahead of Friday’s report. The Ts indicators closed at 0.91 and 0.97 and are one more decisive up session away from both moving above 1.00 to signal an Up/Dn condition. We call the Up/Dn condition the “sucker rally” condition because of its tenden...