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Dow back up to 10,000, low interest rates, high unemployment -> gapped up.

5 min Emini Nadaq 100

Hi,

How is it going lately? Price staged a surprisingly strong rebound today... It gapped up by around 10 points... there after price remained in a narrow range... Obviously this is not a good sign... The gapped up is caused by institutional traders...

day traders like us do not have the advantage...by the time the gapped finished...price remained range bound.. There are no signals from stochastics or short-term MACD... No trade today.

Posted by Michael Taylor on November 9, 2009 5:57 PM |

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