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Price gapped up today and continued on a controlled path upwards.

5 min Emini Nasdaq 100

Hi,

How is it going lately? Price gapped up today, there after it remained bounded in the narrow ranges of my Bollinger bands... Do we trade this? Or should we pass this?

The answer is obvious... Also, if you look at short-term MACD, there are no signals... moving averages are also flat...

It is important to be patient during such times...

Posted by Michael Taylor on October 29, 2009 5:30 PM |

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