HOW OUR DAY WENT:
We were expecting two-sided action
and got it Monday. We were shorting early strength that
reversed, and about 10 minutes into the day and that
occurred when the ES turned down from 1126.25 and broke
1124.00. The ES made its low at 1119.50, and per instant
message we covered most of the shorts as that was at the
1120.00-1119.50 support zone. It looked like 1 more drop
was possible, but that support was strong enough for the
ES to rally to 1124 resistance by 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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Tuesday, January 05, 2010
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