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Market reaches new highs, stochastics cut up, -> $120 profits

5 min Emini Nasdaq 100

Hi,

Market went up again today... and moving averages are slanting upwards... I was waiting for a chance to go long...

When price pulled back to the moving averages and found support at the opening price, this was accompanied by stochastics cutting up the oversold region.... I longed 1 contract at 1780 and exited at 1786 with profits of $120.

Posted by Michael Taylor on November 13, 2009 5:55 PM |

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