The Russell opened with modest strength but quickly climbed higher into the 794.00 balance area continuing yesterday afternoon's late bullish activity.
First trade for the morning was at 6:35 long at 790.80 for +3.2 points. Once this trade got started, it was pretty obvious that it was going to take out the 794.00 level. Second trade was a break above 795.5 looking to continue the trend. Poor positioning on this trade meant -1.7.
Net on the day: +1.5
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Monday, January 29, 2007
Posted by Lord Tedders at 7:33 AM