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Slowly trending down --> But is there a trade?

5 min Emini Nasdaq 100

Hi,

How is it going? Price trended down from the opening bell declining slowly all the way till 12:00 pm ..

If you look at stochastics.. you might think there is a chance to go long... but is that really so??

Moving averages are trending down, candlesticks have short bodies,, and Bollinger bands are narrow.. This goes against my principal for going long... --> NO TRADE TODAY.

Posted by Michael Taylor on January 12, 2009 5:07 PM |

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