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TradeStalker's
R.B.I. Trader's Update
04 / 11 / 2007
Intraday Update
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Dateline: 11:52 eastern time, es7m= 1450.5 nq7m= 1819
The reversal from just under key resistance started the ball rolling on the downside this morning. The ranges were broken, but the support at the 1449.50-1448.50 zone on the ES and 1813.00-1811.00 area on NQ has held. With the FOMC Minutes released at 2pm, this bounce should have trouble getting through the 1452.25-1452.75 area. If that is exceeded, and held, then the trends can turn back up.
Good Trading,
Mike
Thursday, April 19, 2007
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