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Market rebounded back.. Are we at a turning point??

5 min Emini Nasdaq 100

Hi

How's it going lately? Market was flat for most part of the morning session until around 14:30 when it broke off from the moving averages...

On hindsight, we know that we should have gone long.. But, if you look at stochastics and short-term MACD, you will realize that there are no signals at all...

Stochastics was in the over bought regioin and short-term MACD was already high...

I wouldn't risk a penny on unsure signals like these..

Posted by Michael Taylor on December 16, 2008 5:11 PM |

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