Market Comment 04/30/07 - Intra-Day Update

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TradeStalker's

R.B.I. Trader's Update

04 / 30 / 2007

Intraday Update

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Dateline: 12:34 eastern time, es7m= 1503 nq7m= 1899


There was a reversal pattern after the quick "wash and
rinse" just under that 1498.50-1498.00 support area. That
1498.00 level should now be key support. If that is revisited,
and there isn't another reversal, THEN things will be
changing short term. Unless that occurs, this two sided action
should continue so look for a shorting opportunity on a
bounce that fizzles out on the upside, and buy a pullback that
can hold over that 1498.00 level.

Good Trading,
Mike