Today's Trading Recap: 01/26/10

HOW OUR DAY WENT:

We had a double bottom at support set up
a trade on the long side, and the ES rallied 9.50 points to
the 1095.50 reversal area. Then from 1096.00 the ES dropped
4.75 points to 1091.25 and turned back up. The 1095.50 level
was exceeded, then held at that level on a dip, which set up
a trade on the long side. The upside got going and the ES
reached 1100.00. After a dip, the ES made a double top at
1100.00 and we jumped on the short side at 1099. A 4+ point
drop to 1094.75 followed. Updated resistance at 1096.75-
1097.75 was tested, and from 1097.50 the ES rolled over at
3pm and the ES dropped 12 points to 1085.50 as another rally
failed on Tuesday.

See the intraday updates and the how we traded the market
today. That is ALL on our Instant Messenger Log here:
http://www.tradestalker.com/log.htm

Good Trading,
Mike Reed
TradeStalker.com