Today's Trading Recap: 11/13/09

HOW OUR DAY WENT:

The ES bounced then reversed 30 minutes
in and dropped to our 1083.00-1082.50 support zone. The
reversal set up a long trade and the ES rallied to 1096.00
by early afternoon. Then, after the 1094 level broke, it
triggered a short on the bounce back to 1093.75 area and
then the ES dropped 7.50 points to 1086.25. Then with
about 35 minutes left until stocks closed an instant
message was sent saying:

(Nov 13-15:26) mike: IF they pop up from here, 1092 should
be as far as ES goes. then another drop.

They went from 1088.50 (when that was sent) to 1092.50 and
quickly reversed from there. The first pullback was just 2
points, then a bounce to 1092.00 was sold and the ES pulled
back into settlement.

Good Trading,
Mike Reed
TradeStalker.com