Obama Effect??
5 min Emini Nasdaq 100
Hi,
How is it going lately? Big banks have declared ever increasing losses and governments injecting more and more money...
There is almost a singal for going short today... with stochastics and short-term MACD cutting down the signal line.. However, I wasn't comfortable with the fact that the market was flat yesterday and the day before and the day before.... etc..
There is no clear trend and it is better to wait for a clear signal... I did not short...
After the first 30 minutes of plunging, price edged downwards slowly with short-bodied candlesticks.. There is nothing you can do with this condition... It is not worth the risk and I stayed on the sidelines..