Although the markets are not moving with any great robustness, they still illustrate the lack of any change of investor sentiment, the slow uptrend persists. The transportation index is providing a good J-hook Pattern, indicating there is no overall selling indications in the markets. This slow steady uptrend allows candlestick patterns to perform, producing better profits than merely holding stocks that are in a slow uptrend. However, there are numerous candlestick positions that are performing steady eddies, staying above the T-line. Stay predominantly long and be a little more protective of profits.
October 11th Daily Market Comments
Although the markets are not moving with any great robustness, they still illustrate the lack of any change of investor sentiment, the slow uptrend persists. The transportation index is providing a good J-hook Pattern, indicating there is no overall selling indications in the markets. This slow steady uptrend allows candlestick patterns to perform, producing better profits than merely holding stocks that are in a slow uptrend. However, there are numerous candlestick positions that are performing steady eddies, staying above the T-line. Stay predominantly long and be a little more protective of profits.