« Price loses momentum, Stochastics, MACD down -> SHORT -> $880 profits | Main | Downtrend today... BUT --> no shorting?? why? »

No trade today... Why? Read on

5 min Emini Nasdaq 100

Hi,

If you have been following my blog. you will know that I would trade in today's market.. Reason is simple

1 FLAT moving averages -> look at it, it is almost horizontal

2 Short-term MACD -> it is hovering around zero line.. nothing exciting..

3 Stochastics -> not symetrical at all,

4 Price action -> candlesticks with short bodies..

Do you want to trade in such a market? Not me!

Posted by Michael Taylor on July 24, 2008 5:30 PM |

TrackBack

TrackBack URL for this entry:
http://www.daytradeemini.com/cgi-bin/blog/mt-tb.cgi/426

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)