Beware the positive trading in the Dow Today. The NASDAQ gapped down below the T-line after a bearish Doji sandwich. Currently there is no candlestick evidence of any bullish sentiment in these market conditions. The bearish J-hook patterns are working very nicely. Any remaining long positions should have very compelling reasons to stay long, otherwise assume short positions should be the prevailing positioning.
December 14th Daily Market Comments
Beware the positive trading in the Dow Today. The NASDAQ gapped down below the T-line after a bearish Doji sandwich. Currently there is no candlestick evidence of any bullish sentiment in these market conditions. The bearish J-hook patterns are working very nicely. Any remaining long positions should have very compelling reasons to stay long, otherwise assume short positions should be the prevailing positioning.