Today's Trading Recap: 02/18/10

HOW OUR DAY WENT:

The lower open was reversed from just 1
tick under the 1096.50-1096.00 support zone on the ES and
then it ran up to 1102.00, just under the big 1102.50-1104.00
zone. A drop of 5.75 points to 1096.25 followed, and then the
market turned back up and reached 1100.50. A pullback based
out at 1098.00 and then the ES rallied to a 1106.75 high. I
told the group by instant message:

"(Feb 18-15:08) Mike: this is the start of a good
sized drop, swing trade for me on part"

The Fed rasied the discount rate after the close. Get the
outlook for Friday game-plan tonight.

Good Trading,
Mike Reed
TradeStalker.com

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This publication's primary focus is trading the index
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trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
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