Russell 4-19-07

The Russell gapped down 8 points and pushed lower several points before attempting to fill the gap. This was a pretty tight ranging morning making momentum trading very difficult.

First trade of the morning was long at 6:48 at 822.2 for -1.3. Second trade of the morning was short at 6:59 at 821.8 for -1.5. Third trade of the morning was short at 7:14 at 821.2 for -1.8.

Net for the morning: -4.5
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