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Market pausing for a break again...

5 min Emini Nasdaq 100

Hi,

After rising for the past weeks.. we are again at cross roads.... you can see that price met strong resistance at the hgh formed yesterday... Price moved down... erratically... in zig zag manner ... all the while with support from the moving averages...

It only broke the moving averages at around 14:30... it is not advisable to go short in such situatioins...

No trade today..

Posted by Michael Taylor on November 12, 2009 5:30 PM |

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