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Market down again? Sloping moving averages, short bodied candlesticks -> No trade Today

5 min Emini Nasdaq 100

Hi,

How is it going lately? The first thing you should notice is that bollinger bands are extremely narrow.

Next, candlesticks are extremely short-bodied... Although there are several signals from stochastics cutting the signal line,

you can see that price is mainly hovering around the green moving average, there is no real pullback...

No trade today.

Posted by Michael Taylor on May 21, 2009 5:20 PM |

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