August 26 Daily Market Comments

The major benefit of candlestick analysis is that it allows the investor to see what a trend/price would do with a high degree of probability. It will also demonstrate when there is no high probability assessment of a trend. That is currently what is occurring in these markets. There is no established direction. Any trading has to be done on the basis of quick profits off of short-term intraday charts. Otherwise, sitting and waiting for the market to sort itself out is the best strategy. Be patient, a trend will be established sometime in the future, two days or maybe two weeks.

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