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Good INTEL results, price gapped up and continued uptrend --> No trade!

5 min Emini Nasdaq 100

Hi, price gapped up by around 20 points during the opening bell.. it then continued on its uptrend there after with short-bodied candlesticks... The uptrend is obviously caused by institutional buying... There were no signals for me to enter the market...

I think the chart lookings interesting,, but there simply is no signal and we should not force a trade here. NO TRADE TODAY.

Posted by Michael Taylor on July 15, 2009 5:54 PM |

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