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No trade again, market up, but no pullback...

5 min Emini Nasdaq 100

Hi,

How is it going lately? There is a nice uptrend today and price is climbing up slowly... But, there is no pullback by price to the moving averages...

Stochastics formed nice turning points, but this is not accompanied by real price action.. Hence it is wise not to force a trade.

NO TRADE TODAY.

Posted by Michael Taylor on May 19, 2009 5:16 PM |

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