Today's Trading Recap: 11/12/09

HOW OUR DAY WENT:

Members were told that if there was
early strength on Thursday, look for a reversal between
9:50 am and 10:10 am to set up a good shorting opportunity.
The ES ran up to 1101.00 at 10am, then reversed and the
downside was in gear. The ES was sold off down to 1088.50
before the move stopped, right at the 1089.00-1088.50 zone
on the ES where we locked in some daytrade profits per
instant message. Updated resistance was not exceeded as
we were short / shorting bounces (expecting to reverse
under resistance) until there was a reversal with 15
minutes left.

Good Trading,
Mike Reed
TradeStalker.com