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Market gapped down, trades below moving averages --> NO TRADE TODAY

5 min Emini Nasdaq 100

Hi,

Market gapped down today, closed the gap and spent most of the time below the moving averages... however, price action is jittery and short-term MACD remains close to the zero line.. Such is the condition I have been trained to avoid... There is no trade today...

Posted by Michael Taylor on November 15, 2007 5:44 PM |

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