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No trade Today? Why?

5 min Emini Nasdaq 100

Hi,

Market activity is slowing down... we have been ranging up and down, whipsawing sideways for the past month..

It pretty easy to know that we should not enter the market today.... Moving averages are extremely flat and Stochastics and short-term MACD only gave long signals...

Obviously we should not go long in such a scenario when price is ranging below the moving averages .. No trade today.

Posted by Michael Taylor on January 13, 2009 5:14 PM |

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