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Market ranging again No trade Today!

5 min Emini Nasdaq 100

Moving averages are slanting down and candlesticks are characterized by long whiskers... This is simply not the ideal condition we want to be in when trading...

There are several signals from stochastics, but this is not supported by short-term MACD and the price action... Conclusion -> NO TRADE !

Posted by Michael Taylor on February 20, 2009 5:54 PM |

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