Today’s positive trading was expected after the bobble breakout confirmation yesterday in the market indexes. The J-hook pattern is in progress on the NASDAQ. The nature of the market is resuming the slow steady uptrend that was evident prior to the big selloff/profit-taking of last month. Continue to stay predominantly long. Investor confidence will slowly build on itself based upon the long and strong uptrend of the past 15 months. Continue to utilize the price patterns that are producing the stronger profits.
February 27th Daily Market Comments
Today’s positive trading was expected after the bobble breakout confirmation yesterday in the market indexes. The J-hook pattern is in progress on the NASDAQ. The nature of the market is resuming the slow steady uptrend that was evident prior to the big selloff/profit-taking of last month. Continue to stay predominantly long. Investor confidence will slowly build on itself based upon the long and strong uptrend of the past 15 months. Continue to utilize the price patterns that are producing the stronger profits.