These are market conditions where candlestick charts reveal where the strong price moves are occurring. The NASDAQ is up, the transportation index is down, the Dow is flat. There is no change of investor sentiment. The trend continues and it is a healthy trend in the sense that there is no exuberance. This type of trend allows candlestick charts to perform as expected and with a much higher degree of probability that they will be profitable. This makes portfolio/trade management very simple.
January 23rd Daily Market Comments
These are market conditions where candlestick charts reveal where the strong price moves are occurring. The NASDAQ is up, the transportation index is down, the Dow is flat. There is no change of investor sentiment. The trend continues and it is a healthy trend in the sense that there is no exuberance. This type of trend allows candlestick charts to perform as expected and with a much higher degree of probability that they will be profitable. This makes portfolio/trade management very simple.