The premarket on the Dow showed the early direction of the morning by gapping down from yesterday's close. After a large bullish move yesterday, the Russell focused on consolidation this morning ranging between the 818.00 and 814.00 value areas of yesterday.
The first trade of the morning was at 6:35 this morning short reversal signal at 817.20 for +1.8. The second trade of the morning was at 7:01 long reversal signal at 816.00 for -.07. I've really been focusing on my entry and exit mechanics and the first trade of the morning really exemplifies this. I was a little late on the entry of the second trade but I feel I exited the trade well.
Net for the morning +1.1
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Thursday, February 8, 2007
Posted by Lord Tedders at 8:10 AM