Market Comment 04/16/07 - Intra-Day Update

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TradeStalker's
R.B.I. Trader's Update
04 / 16 / 2007
Intraday Update
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Dateline: 10:53 eastern time, es7m= 1473 nq7m= 1844

The gap up open was greater than 4 SP points, so this can be a trend up day. As long as the pullbacks are soft, and can hold the 1470.00-1469.75 area, the market should be in buy the dip mode. If that are breaks, and there isn't a quick rebound, then the trend could be rolling over.

Good Trading,
Mike