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Market undecisive mode - are we really seeing a bottom yet?

5 min Emini Nasdaq 100

Hi,

There seem to be strong support at the 1200 level and price movements around this region is muted.. I am not seeing a healthy moving average slope for me to go long...

Stochastics and short-term MACD exhibit dirty movements and price action is charaterized by short bodies ...

This is not my ideal market... NO TRADE TODAY.

Posted by Michael Taylor on October 24, 2008 12:09 AM |

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