Wednesday, May 02, 2007

Trade Ideas: JAV, CHN, FO, UCO, LUK, IWA, PAY, PLD

Yesterday's ground work by the bulls helped set up Wednesday's substantial rally to bring the indices back to their former highs, with the Dow at a new high. The index to watch is the Russell 2000 as it was the one to be hit hardest by Monday's selling and is just below key resistance at 830-831, including former support (now resistance) of its former rising channel. Other indices remain just below their April highs. The Trade Ideas maintained its second day of bullish form with the top 8 picks covering 4 minutes and the "20-appearance" list at 55 minutes.



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