Russell 5-17-07

The market gapped lower and continued to head toward's yesterday's lows right from the beginning of the morning. Although a few slight pullbacks occured, the bears had control for the majority of the morning session.

First trade of the morning was short at 6:33 at 820.5 for +2.4. Second trade of the morning was long at 7:08 at 818.3 for -0.5. Third trade of the morning was short at 7:23 at 817.6 for +0.4.

Net on the morning: +2.3