Although the market indexes are not showing any decisive movement Today, the major indexes continue to trade above the T line, not indicating any selling pressure. This is allowing the fry pan bottom patterns to work effectively, creating breakouts, i.e. NNDM, and the J-hook patterns continuing to perform as expected. Continue to stay predominately long with the T line being the major trend indicator. The big profits are coming from the strong sectors that continue to perform well when the markets are not showing any major change of investor sentiment.
January 13th Daily Market Comments
Although the market indexes are not showing any decisive movement Today, the major indexes continue to trade above the T line, not indicating any selling pressure. This is allowing the fry pan bottom patterns to work effectively, creating breakouts, i.e. NNDM, and the J-hook patterns continuing to perform as expected. Continue to stay predominately long with the T line being the major trend indicator. The big profits are coming from the strong sectors that continue to perform well when the markets are not showing any major change of investor sentiment.