Nothing has changed in the trend of investor sentiment, a slow steady uptrend with the most obvious strength remaining in the Dow. The only caution is that the Dow has now had a trend move after it broke out through the wedge formation of the same magnitude of the last strong trend prior to the wedge formation. This would suggest profit-taking should start occurring relatively soon. Until there is evidence of profit-taking, continue to utilize the bullish candlestick charts until sell signals appear.
September 19th Daily Market Comments
Nothing has changed in the trend of investor sentiment, a slow steady uptrend with the most obvious strength remaining in the Dow. The only caution is that the Dow has now had a trend move after it broke out through the wedge formation of the same magnitude of the last strong trend prior to the wedge formation. This would suggest profit-taking should start occurring relatively soon. Until there is evidence of profit-taking, continue to utilize the bullish candlestick charts until sell signals appear.