Where do most people sell? They panic sell at the bottom. How is that panic selling graphically depicted? When prices move excessively away from the T-line. This is what is occurring in the market indexes. This is what is occurring in crude oil prices. Does this mean a reversal is about to occur? It indicates that these are the conditions where a reversal is likely to occur. Watch your short term intraday charts, the 10 min. chart, to see if there becomes signs of a reversal. Until that time, continue to stay short.
January 20th Daily Market Comments
Where do most people sell? They panic sell at the bottom. How is that panic selling graphically depicted? When prices move excessively away from the T-line. This is what is occurring in the market indexes. This is what is occurring in crude oil prices. Does this mean a reversal is about to occur? It indicates that these are the conditions where a reversal is likely to occur. Watch your short term intraday charts, the 10 min. chart, to see if there becomes signs of a reversal. Until that time, continue to stay short.