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Slightly trending up moving averages, oscillating stochastics --> no trade today

5 min Emini Nasdaq 100

Hi,

How is it going lately? You can see that moving averages are sloping up so if you are going to enter the market, it is definitely going to be a Long trade...
However, stochastics are bouncing up and down... short-term MACD are close to the zero line... it is not really a good condition to go trade at all..

No trade today..

Posted by Michael Taylor on September 14, 2009 5:55 PM |

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