The fry pan bottom pattern in the indexes should be your ultimate analysis, keeping from being whipsawed on weaker opens each day. Continue the strategy of staying in long positions remaining above the T line but short positions need to be scrutinized. Any short positions that are not showing great weakness should be covered on any positive trading today.
January 13th Daily Market Comments
The fry pan bottom pattern in the indexes should be your ultimate analysis, keeping from being whipsawed on weaker opens each day. Continue the strategy of staying in long positions remaining above the T line but short positions need to be scrutinized. Any short positions that are not showing great weakness should be covered on any positive trading today.