Friday, February 9, 2007

Russell 2-9-07

This was another consolidation day and the market opened struggling to post new highs above yesterday's high of the 820.5 area, but falling back into a range after little enthusiasium.

First trade was long at 818.60 at 7:13 for -1.8. The importance of nailing your entry point was well demonstrated as this should have only been a -0.5 trade, but I was 4 ticks late on my entry.

Net on the day: -1.8

Net on the week: +4.8
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Banker said...

Any thoughts on the G7 ??

Lord Tedders said...

I'd say that there will probably be little activity unless the G7 specifically focuses on the yen which at this point most analysts are dismissing.

We'll have to see what happens.