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No trade today.. market in dilemma..

5 min Emini Nasdaq 100

Hi,

Market gapped up today only to return back the gains by mid day.. Seriously... I couldn't tell where the market was going..

I did not like the candlestick patterns...short bodies and irregular patterns...If you look at stochastics alone, it gave a buy signal... and you might have won some money if you go long... But is this the right way to trade? Taking excessive risks for just a little profit?? No trade today...

Posted by Michael Taylor on October 30, 2008 11:49 PM |

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