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No trade toda... signals? But is it valid?

5 min Emini Nasdaq 100

Hi,

How is it going lately?

There are several signals from stochastics and short-term MACD but when considered together with other technical indicators, these are not valid signals...

First, look at the first signal from stochastics when it cut down the overbought region, can we go short? No! price is above the moving averages and moving averages are slanting up.

Next, look at the second signal from stochastics when it cut up the oversold region. OK, this time round, since price is above the moving averages, we can go long...

But, look at the moving averages,, they are flat... and we are nearly the closing bell.. do you think we have enough time for price to stage a rebound?? No trade today.

Posted by Michael Taylor on April 27, 2009 5:41 PM |

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