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Trading point : Nasdaq 100 |
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Written by Anaphrais
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Wednesday, 28 December 2005 |
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Hello, This is the first news for this new site. It's a simple test and the fabulous tools whitch we will place at your disposal are not yet available. Nasdaq 100 future is actually in a range zone after a splendid bull chanel (see the graphe bellow) . It seems to be a Head and Shoulder but it's not our bearish motivation. Because the Nasdaq is the most bearish market for the moment, this zone is an excellent short entrance point for a profitable trade with low risk.
The prime objective of the trade would be 1655. The stop loss woud be just over EMA150 (60mn). For early 2006 and if you think the global marcket turn to bearish trend, we think you can take half profit on the prime objective and stay shrt sinc the red line is not broken.
But to pass this red line would open the way with a new bull chanel. This is our vision of the stockmarket : yours can be different.
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