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Market undecisive, at a turning point

5 min Emini Nasdaq 100

Hi,

Market gapped down today, only to cover it in mid-day.. candlesticks are characterised by long whiskers...

moving averages are almost flat... Although we see several signals from stochastics and short-term MACD,

the overall market condition is not condusive to trading... No trade today..

Posted by Michael Taylor on August 4, 2009 5:48 PM |

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