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No trade Today --> Moving averages flat, price in a range

5 min Emini Nasdaq 100

Hi,

How is it going lately? Market is at a turning point. We can see that moving averages are flat and that Bollinger Bands are narrow.

You might say why don't we capture the upswing at the opening.

But look carefully, moving averages are flat, do you want to enter just because stochastics are pointing up? NO TRADE TODAY.

Posted by Michael Taylor on May 17, 2009 11:50 AM |

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