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Instituitional rebound - narrow BB - Do you still want to trade?

5 min Emini Nasdaq 100

Hi,

Apparently the consumer confidence data were better than expected and price surged during the opening bell.
There were no signs from short-term MACD or stochastics from the opening, price just surged... there after, it was enclosed in a narrow
bollinger bands with short-bodied candlesticks...

The only traders who benefited from this surge are the insitutional investors who caused this surge in the first place...

Posted by Michael Taylor on May 26, 2009 5:32 PM |

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