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Moving averages flat, narrow range, No trade today.

5 min Emini Nasdaq 100

Hi,

How is it going lately? Market is in an optimistic mode and we have seen a strong rally since july... We are once again at crossroads and approaching previous highs... you can see that price action slows down and moving averages are flat... the market is in a dilemma right now...

It makes sense to gain some visibility before we jump into any trade.. No trade today.

Posted by Michael Taylor on October 13, 2009 5:19 PM |

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