Market Review 24-02-2011

Market Review 24-02-2011
A Quick Scalp To Start The Day

A lovely scalping opportunity to be had on the market open, pre market futures were under selling pressure, but immediately reversed on market open to go back and retest the magic of the big numbers at 5900. Market ran out of steam and chopped around with with 5905 failing to be broken so that proved to be the top for the bulls and 5895 being the low resistance. Rather unusually the market started to make a move at lunch time and carried on through to the New York open with the recent high being broken relatively easily. When New York came in it brought out little direction and  the chart is a good example of a choppy market were the best trading action is to sit on hands. 

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