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Gapped up but remained in narrow range ...

5 min Emini Nasdaq 100

Hi,

How is it going lately? Price gapped up today and continued on it's path of upward trending... however, you can see that the real movement is only during the first 2 hours... thereafter price remained jin a narrow range... bounded in narrow bollinger bands... I certainly don't want to be trading in such conditions. There is no tradeable signal from either stochastics or MACD... No trade today..

Posted by Michael Taylor on February 16, 2010 6:00 PM |

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