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Friday, June 19, 2009

TRADES For 6/19/09

Trades for Friday June 19, 2009

Today's Trades will be posted in the comments of this posting.

/ES Range Estimate for All Sessions
June 19, 2009

910* - 925*

*If we can maintain above 909-910 after London's open then there is a good chance our markets will gap up and likely not fill, taking us at least to 925. A solid trend could develop early in the day tomorrow and may possibly take the bullish fever buying up to the 940 area, but I think that would be less probable.

If however, we break below 909 sometime this evening, then there is more selling ahead and we will need to see 885-895 first before we can move higher into the 965-975 area.

This outlook is subject to change, depending on what happens overnight.

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