February 10th Daily Market Comments

The selling on Friday was not unexpected with the Dow moving up well over a thousand points in four days of trading. This had moved the Dow away from the T-line. The lower open on Friday confirmed selling after the hanging means/dragonfly Doji that formed in the Dow on Thursday. The consolidation/profit-taking at a likely target of moving back to the T-line. Today the Dow opened on the T-line and immediately started trading higher.