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Moving averages still flat, Better not to enter market.

5 min Emini Nasdaq 100

Hi,

Market is till in turmoil today.. as it whips up and down.. If you observed, you might think that the downturn of stochastics and short-term MACD is a good signal.. but in the overall assessment of technical indicators.. I decided not to go short..

Candlesticks movements are dirty... moving averages are flat... this are the main reasons why I did not enter the market.

Posted by Michael Taylor on October 21, 2008 5:45 PM |

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