Yesterday afternoon selling brought the indexes back down to where they were forming Doji’s. Today’s lower open, with a close below the T-line in the indexes makes the prospects of the sideways movement of the market more likely. This would not be unusual during the August vacation time frame. These market conditions still make having both long and short positions in the portfolio.
August 17th Daily Market Comments
Yesterday afternoon selling brought the indexes back down to where they were forming Doji’s. Today’s lower open, with a close below the T-line in the indexes makes the prospects of the sideways movement of the market more likely. This would not be unusual during the August vacation time frame. These market conditions still make having both long and short positions in the portfolio.