Today's Trading Recap: 12/04/09

HOW OUR DAY WENT:

The ES ran up in the first 20 minutes
to 1119.00, just under the last resistance at 1119.50-
1121.00, and reversed. After pulling back, members were
told to short under 1116.00 =new= resistance, and the
bounce reached 1115.75 before reversing. The group was
told that the action was like Thursday, and we got the
bounce highs all the way down to lower lows. Then the
ES bounced to the 1105.50 updated resistance, setting
up another short. The group was alerted to the chance
of a double bottom, and that played out well too.

We get lots of questions about our instant messenger room.
Members get additional guidance there every day. To
see today and Thursday's instant messages, check them
out by going here-

http://www.tradestalker.com/log.htm

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)