Market Comment 04/25/07 - Intra-Day Update

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TradeStalker's
R.B.I. Trader's Update
04 / 25 / 2007
Intraday Update
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Dateline: 11:43 eastern time, es7m= 1492.5 nq7m= 1878

The gap up reversed just under the 1497.00-1497.50 resistance, and the first selloff was bought at yesterday's closes. If this bounce fizzles under that resistance, it sets up another good shorting opportunity. If there is another drop, it should hold the 1490 level if the market is going to stay in uptrends. The Fed's Beige Book comes out at 2pm, and that should give us more volatility.

Good Trading,
Mike