Although the markets are trading higher today, they are trading well below where they opened. The Dow actually touched the T-line at its highs so far Today and backed off from that level. It will remain imperative that the indexes remain positive. If they start trading back below yesterday’s close, the T-line is still acting as the down trending factor. Any long positions being held should have very compelling chart patterns.
December 11th Daily Market Comments
Although the markets are trading higher today, they are trading well below where they opened. The Dow actually touched the T-line at its highs so far Today and backed off from that level. It will remain imperative that the indexes remain positive. If they start trading back below yesterday’s close, the T-line is still acting as the down trending factor. Any long positions being held should have very compelling chart patterns.