Russell 6-21-07

The market opened slightly off of yesterday's close and continued to push in the early morning for more bearish activity. Later in the morning, the market retraced into yesterday's value area.

First trade of the morning short at 6:35 at 841.30 for -1.8. Second trade of the morning long at 6:45 at 837.7 for -1.8. Third trade of the morning long at 7:05 at 837.20 for +2.9. Fourth trade of the morning short at 7:31 at 840.20 for -1.5. Fifth trade of the morning long at 7:42 at 841.80 for -1.8.

Net on the morning: -4.0