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No Trade Today, Bollingers narrow, short bodied candles

5 min Emini Nasdaq 100

Hi,

How is it going? price ended the day slightly higher today.. But is this an uptrend or is the uptrend coming to and end??

The market has been rallying over the past one month... It can't just keep on going up and up forever.. This is my long term view..

On the day trading basis, we have short-bodied candlesticks enveloped in narrow bollinger bands..These are not ideal trading conditions..

No trade today.

Posted by Michael Taylor on April 13, 2009 5:50 PM |

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