Wednesday, January 31, 2007

Russell 1-31-07

While the Dow opened pretty much flat on the day, the Russell experienced strong weakness early in the market day, quickly rejecting 802.00 resistance and plunging into the 797.00 balance area.

This morning I made a classic blunder and entered a short prematurely (you can see exactly where in the posted picture). So first trade was at 6:49 short at 796.3 for -0.8 (finally got out when I realized I shouldn't have been in in the first place). Second trade was long at 796.6 for +1.5.

Net on the day: +0.7
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