daytrade diaries... tuesday part 2

Afternoon folks.

Half-time report: regional markets followed Wall Street south this morning as profit-taking set in after two months of strong gains. The ASX 200 was recently off 54 points or 1.4% at 3871. The Nikkei was down a similar percentage in morning trading.

Dow Jones futures were recently off 29 points. Crude oil and gold both drifted lower in morning trade.

Been a good morning's scalping at Highlandlad's humble trading croft, with healthy bounce trades in KZL and PAN and a few peanuts squeezed out of NUF before it tanked. Missed out on MTS this morning, where buying in the mid-390s and selling in the low 400s has been a reliable trade for the last three sessions.