Tuesday, September 01, 2009

Today's Trading Recap: 08/31/09

HOW OUR DAY WENT:

The market opened under the key support
and it brought on what members were told to expect last night:

"If there is a sharp drop from under the 1030 level, then
the 1014.75-1014.00 area could be broken by a bit before
the move either reverses or accelerates."

The ES fell to 1013.25, and then reversed. Members were
sent this IM after the bounce started:

(Aug 31-10:35) mike: a pop to 1019.50 is resist / short
if it in the next 10 minutes

The ES popped to 1019.50 a few minutes later, then
dropped 4.00 points to 1015.50. The Instant Messages are
a nice addition for Real Time members, at no extra cost!!!

Good Trading,

Mike Reed
TradeStalker.com

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