Snapshot of index futures 14-August-2006

This is the business we have chosen ~ The GodFather, the movie

It was a lousy day of bulls for stocks indices. I did not have any set up to trade. Dow,Nasdaq and S&P were showing the same pattern. To be frank, I was tempted to enter Long position and I was a bit frustrated of not having any long position. The decision to stick to my rules strictly pays off this time.

30-min chart of E-mini Nasdaq 

30-min chart of Dow Mini