Today's Trading Recap: 08/28/09

HOW OUR DAY WENT:

We finished the week with a great early
trade. Last night members were told:

"On Friday look for early strength to be sold as soon as
the upside stalls, especially if that occurs in the first
20-40 minutes of trading and the ES runs up to test the
1038 area."

The ES gapped up, reached 1038.75, then reversed. A trend-
down move lasted until just after noon when the ES turned up
from 1022.00. A pop to 1025.00 failed, then the ES pulled back
and reversed from a higher low. That was 123 bottom, and the
ES rallied to 1028.75. Then, to finish the day the group was
told that 1025 on the ES and 9520 on the Dow were pivotal...
both were tested and reversed and the ES ran up to 1029.75

Good Trading,

Mike Reed
TradeStalker.com