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V shape rebound, stochastics up and short-term MACD up -> $280 profits

5 min Emini Nasdaq 100

Hi,

Price is exhibiting unstable characteristics again... candlesticks bodies are short on a dialy basis...

Today's trade is pretty obvious... Price staged a V-shape rebound from the moving averages coupled with stochastics and short-term MACD cutting the signal line..

I longed 1 contract at 1495 and exited at 1509 when price reached the high formed established by the morning session... profits of $280.

Posted by Michael Taylor on June 11, 2009 5:42 PM |

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