Today's Trading Recap: 02/10/10

HOW OUR DAY WENT:

The lower open was a buy and the ES popped
up 5.75 points to 1069.75 and quickly reversed. So, the early
game-plan worked nicely as the ES dropped to 1056.25 in trend
down fashion. The trend reversed an hour into the day, and a
rally was pretty good, but it was stopped after a direct hit
of the 1071.50-1072.50 resistance zone. After a 6 point drop
to 1065.25, we were re-entering a short on a bounce towards
1069 and the ES rejected 1068.50 twice before dropping 5
points drop to 1063.50. A bounce back to the 1066.00-1066.50
followed, and it set up one last short as the ES dropped from
1066.25 to 1063.00 just before settlement.

Good Trading,
Mike Reed
TradeStalker.com

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