HOW OUR DAY WENT:
We had a perfect set-up per the Sunday
night update. As stated:
"...early strength on Monday should set up a very good
shorting opportunity as soon as the move stalls/ reverses,
and that could occur from the 1194.25-1195.00 zone."
The ES popped up to 1194.75 in the first 20 minutes, stalled,
then dropped 4 points to 1190.75. Per usual of late, buyers
stepped in and the market bounced, but it had no gusto and
shorts offered the better opportunity late day as the ES
dropped to 1191.00 and the NQ dropped to 1989.75 just before
they closed.
Good Trading,
Mike Reed
TradeStalker.com
Tuesday, April 13, 2010
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