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Price rebound from moving averages, stochastics V shape rebound -> $160

5 min Emini Nasdaq 100

Hi,

How is it going lately? There is a slight upward trend today and I took the chance to go long when price came down and touch the moving averages.

This was coupled with V-shaped rebound of stochastics cutting the oversold line.. I longed 1 contract at 1359 and exited at 1367 with profits $160.

Posted by Michael Taylor on May 14, 2009 8:39 PM |

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