Today's Trading Recap: 01/22/10

HOW OUR DAY WENT:

WOW! The ES opened lower then bounced to
the updated resistance at the 1111-1112 zone, giving a great
low risk entry on the short side and the ES dropped 10 points
to 1101.00 in the first hour. A bounce then went back the
1111.50 level, right at resistance again, where members were
told to re-short. That lead to another 10 point drop to
1101.25. We then got a bounce to updated resistance at the
1104.00-1104.50, and after 1104.25 was reversed the ES
dropped another 12+ points to 1091.50. The I gave 1092.50-
1093.25 for new resistance, 1093.25 was traded and then
rolled over 7.00 points to 1086.25 to finish off a memorable
week, and a very good one for our group.

Good Trading,
Mike Reed
TradeStalker.com

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