TradeStalker's
R.B.I. Trader's Update
09 / 7 / 2008
Pre-Open Update
...............................................
Dateline: 7:03 eastern time, es8u= 1270 nq8u= 1806.5
The market is going to have a big gap up open if this
strength holds overnight. The ES is up 29 points at
1270.00 as this is typed. There should be some
resistance near the 1276.00-1277.00 area on the ES
and the 1813.50-1814.75 area on the NQ. If this move
stalls near those areas, then it should set up a shorting
opportunity. However, if those are exceeded, then the
1280.75-1281.25 area on the ES and 1819.50-
1820.50 area on the NQ could be seen. A pullback
should hold 1261.50-1261.00 on the ES. If that is
broken, then the 1254.00-1253.00 area is a key
support area.
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