The final trend criteria? The indexes continue to trade above the T-line. Yesterday the NASDAQ use the T-line as a support level. Assumption? The uptrend remains in progress as long as there is not an identifiable candlestick sell signal and a close below the T-line. Continue to stay long in charts that have not shown a sell signal and a close below the T line. When the market remains in a steady slow uptrend, take advantage of the candlestick pattern breakouts. IE DLPH, LDOS.
February 22nd Daily Market Comments
The final trend criteria? The indexes continue to trade above the T-line. Yesterday the NASDAQ use the T-line as a support level. Assumption? The uptrend remains in progress as long as there is not an identifiable candlestick sell signal and a close below the T-line. Continue to stay long in charts that have not shown a sell signal and a close below the T line. When the market remains in a steady slow uptrend, take advantage of the candlestick pattern breakouts. IE DLPH, LDOS.