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Gapped down, candlesticks in narrow range, short bodies, No trade today

5 min Nasdaq 100

Hi,

How is it going lately? Price gapped down by more than 10 points at the opening bell. There after price is limited in a narrow range characterised by short bodied candlesticks..

You might be tempted to go into a trade due to the signals from stochastics.. But the overall market condition and price actioin prevented me from entering...

No trade today.

Posted by Michael Taylor on August 31, 2009 8:51 PM |

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