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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Monday, January 22, 2007
Posted by Lord Tedders at 7:41 AM