Russell 5-16-07

The market opened with little enthusiasum for either direction this morning and stayed in a fairly consolidated range the entire morning.

First trade of the morning was a short at 6:45 at 817.50 for -0.2. Second trade of the morning was a long at 7:17 at 817.50 for -1.8. Third trade of the morning was a short at 7:25 at 817.30 for +0.3.

Net for the morning: -1.7