This is my take:
http://www.geo.heliohost.org/ss/2012-05-02_0147.png
Clearly the ISM Manufacturing PMI number came out at the drop and most would leave it at that. And that's fine.
Not on the chart below... but you could notice that the spike up touched a fib retracement from January Low to February high, to the pip on some platforms with in two pips on others.
http://www.geo.heliohost.org/ss/2012-05-01_1118.png
Good Trading!
http://www.geo.heliohost.org/ss/2012-05-02_0147.png
Clearly the ISM Manufacturing PMI number came out at the drop and most would leave it at that. And that's fine.
Not on the chart below... but you could notice that the spike up touched a fib retracement from January Low to February high, to the pip on some platforms with in two pips on others.
http://www.geo.heliohost.org/ss/2012-05-01_1118.png
Good Trading!