Today's Trading Recap: 10/26/09

HOW OUR DAY WENT:

The ES broke 1078.50 shortly after
the open, then held it on a pullback, and a rally to
the 1086.75-1087.50 zone followed. The ES reached 1088.50
then dropped, and then the bounce to 1087.50 reversed.
That set up a 123 top, and when the 1083 level broke
the market went into free-fall. The ES fell to 1061.25
with 30 minutes left, a 20+ point move before that late
bounce.

Good Trading,
Mike Reed
TradeStalker.com

This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)