Market Comment 03/30/07 #2

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TradeStalker's
R.B.I. Trader's Update
03 / 30 / 2007
Intraday Update # 2
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Dateline: 1:30 eastern time, es7m= 1428 nq7m= 1787

This has been a pretty good bounce, but the market is at a cross-road here. If the ES can get over and hold the 1429.50-1430.50 area, then the upside could extend. Below, if the ES breaks back below the 1425.00-1424.50 zone, we could test, or make a slightly low low, before turning around.

Good Trading,
Mike