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Market gapped up only to close it ultimately..

5 min Emini Nasdaq 100

Hi,

How is it going lately? As you know market can go into extremes easily.. Are we a little optimistic by gapping up again today?

I suspected so... Today's market action was characterized mainly by price trying to close the gap.. I did not enter as there was no clear signal from stochastics and short-term MACD.. You can see that price closed the gap nicely..

Posted by Michael Taylor on June 14, 2010 5:45 PM |

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