Cowabunga Trade Update- 01/09/07

Main Trend

Current Trend= Up

Only looked for Long trades today; New trend may be forming.

Today’s Surf

The Cowabunga system produced a long signal at 8:15 am ET. I entered long at 9429 and my stop was at 9406. Unfortunately, the market didn’t move in our favor and I was stopped out at 9:00 am ET.

Trade Result: -23 Pips