Monday, January 22, 2007

Russell 1-22-07 - The Bears are Back

I always find market predictions kinda funny. The news is always a day late and a dollar short. According to the Associated Press the markets are up :)

The Dow opened to weakness this morning and the Russell soon traded to the lower edge of immediate support at 783.96. As soon as this level was broken I was in at 7:03 on a short of the failed reversal at 783.2. Next level of support was at 780.00 for +3.0 points. Next trade was another reversal attempt at 7:24 at 780.5 for +1.5.

Net on the morning +4.5. Nice way to get the week started.
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Gav said...

Nice gain to start a week!

Lord Tedders said...

Thanks. Hopefully the rest of the week will be as good.