Market Comment 05/03/07 - Intra-Day Update

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TradeStalker's

R.B.I. Trader's Update

05 / 03 / 2007

Intraday Update

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Dateline: 1:11 eastern time, es7m= 1506.5 nq7m= 1906


We had a reaction off the 1508.00-1508.50 zone, and it
shows there was decent selling into that strength. On the
bottom side, the pullback reversed at 1504.50 level,
which it needs to hold. If that level doesn't hold, and the
ES breaks (and closes) under the 1502-1501 area, the
charts would not look good.



Good Trading,
Mike