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No trade today

5 min Emini Nasdaq 100

Price gapped up today only to close the gap and even further..Moving averages are flat.. there is no reason why you should risk your money in trading.. The best way is to stay out of the market...

Short-term MACD and stochastics is not giving any signal as well.

Market has been extremely volatile lately and I have been staying out when I need to. Knowing when not to trade is an important part of trading.

Posted by Michael Taylor on September 2, 2008 7:57 PM |

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