Russell 6-4-07

The market opened slightly off of yesterday's close and continued to consolidate during the early morning before testing yesterday's low and then returning to the value area.

First trade of the morning was long at 6:37 at 853.00 for +0.3. Second trade short at 7:07 at 853.20 for -1.6. Third trade long at 7:12 at 854.50 for -1.2. Fourth trade short at 7:16 at 854.10 for +2.7.

Net on the morning: +0.2