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No TRADE Today!! short bodied candlesticks -

5 min Emini Nasdaq 100

We hit a new low ...
Market gapped down and edged lower bit by bit with short-bodied candlesticks... I don't even have to look at it to tell to that it is not a good to trade..

Moving averages are sloping down... MACD hovered around zeroline... it looks bad.. it is bad... NO TRADE TODAY.

Posted by Michael Taylor on November 19, 2008 5:29 PM |

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