HOW OUR DAY WENT:
The lower open reversed from above initial
support and bounced to right in the middle of the 1145.25-
1146.25 resistance zone. That set up a short for a 5+ point
drop to 1140.00. Then the market started a rally and a few
scalps from 1143.50-1144.00 updated resistance were taken.
The pullbacks held the updated support, so we turned to
buying over the 1143.50 level at shorting 1145 area. We
scratched the 1145 short then a pop into the 1146.50-1148.00
area reversed and dropped 3 points before the close.
Good Trading,
Mike Reed
TradeStalker.com
During the day our subscribers are updated frequently in our
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This publication's primary focus is trading the index
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Sunday, January 17, 2010
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