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Price rebounded but no trade today... why?

5 min Nasdaq 100

If you look carefully, moving averages are flat, stochastics was already in the overbought region when price started to move up.. These are not the right signals to go long..

From 11:00 am onwards.. price moved in narrow range.. with short candlestick bodies.. Is this the right condition to trade? NO! Be patient. I think the market has been extremely difficult recently.

Posted by Michael Taylor on July 29, 2008 5:30 PM |

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