The flat trading of today still reveals that there has not been any change of investor sentiment. Unless there is a very definite reversal signal in the markets, it has to be assumed the uptrend remains in progress as long as there is not a sell signal and a close below theT-line. This does not eliminate the possibility of some profit-taking back to the T-line. However, currently there are no signs that the uptrend does not remain in progress. Stay long but have protective stop’s in place.
February 28th Daily Market Comments
The flat trading of today still reveals that there has not been any change of investor sentiment. Unless there is a very definite reversal signal in the markets, it has to be assumed the uptrend remains in progress as long as there is not a sell signal and a close below the T-line. This does not eliminate the possibility of some profit-taking back to the T-line. However, currently there are no signs that the uptrend does not remain in progress. Stay long but have protective stop’s in place.