The indecisive nature of the market continues, illustrated by the waffling/sideways trading of the indexes above and below the T line. Many people ask, “What does it mean when you see the waffling at the T-line? How does that help you?” The answer is very simple. It means there is no decisive direction in investor sentiment. Candlestick charts allow you to recognize when it is time to be long or short. Candlestick charts also tell you when there is no market trend, creating a different trading strategy. Either have both longs and shorts in the portfolio, or conserve your cash until the market shows a definite bullish or bearish price move. Currently, most bullish charts are not showing any dramatic upward price move, merely slow waffling uptrends.
April 6th Daily Market Comments
The indecisive nature of the market continues, illustrated by the waffling/sideways trading of the indexes above and below the T line. Many people ask, “What does it mean when you see the waffling at the T-line? How does that help you?” The answer is very simple. It means there is no decisive direction in investor sentiment. Candlestick charts allow you to recognize when it is time to be long or short. Candlestick charts also tell you when there is no market trend, creating a different trading strategy. Either have both longs and shorts in the portfolio, or conserve your cash until the market shows a definite bullish or bearish price move. Currently, most bullish charts are not showing any dramatic upward price move, merely slow waffling uptrends.