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Market quiet in Year End

5 min Emini Nasdaq 100

Hi,

We still have 2 weeks to the new year.. Trading is particularly muted during this period and there is no need to be brave and take unecessary risks...

If you observed the charts... You will notice that moving averages are almost flat. Bollinger bands are not expanding and candlesticks have short bodies.

Under such conditions, stochastics and short-term MACD simply doesnt make for good indicators..

Posted by Michael Taylor on December 12, 2008 5:42 PM |

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