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Seems like a good Long ? But no trade today... Why?

5 min Emini Nasdaq 100
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Hi,

Market finallly ended up higher today after several measures by the FED and the recent fall in energy prices... However, I did not trade today...

If you look at the chart on the whole.. on hindsight, it seems like a good market to go long,, with price increasing on an upward trendline and moving averages sloping up... There are several occasions where stochastics and short-term MACD gave a long signal...

However, candle sticks are moving with shortbodies and Short-term MACD is not really displaying the symmetric shape that I would like it to display... No trade today.

Posted by Michael Taylor on July 16, 2008 5:24 PM |

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