August 9th Daily Market Comments

More of the same! Today’s the Dow is down in the NASDAQ is up. This continues the indecisive nature of the market. The strong candlestick patterns continue to work both on the long side and the short side. The trading strategy remains simple, stay in long positions that continue to trade above the T line, stay short in positions that remain below the T line. The bobble breakout is producing good profits today.

 

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