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Shortbodied candesticks -> NO TRADE TODAY

5 min Emini Nadaq 100

Hi,

Look at the chart, price gapped up today and it never stopped going up.. But we only know this from hindsight.. there is no way we could have tell this during actual trading..

Candlesticks have short bodies, stochastics and short-term MACD looks bad.. It is not worth the risk to trade..

Posted by Michael Taylor on November 24, 2008 5:53 PM |

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