Candlestick charts allows investors to get a much more clear indications of what the markets are trying to do. It also allows the candlestick investor to see when a market doesn’t know what it’s trying to do, as seen in the current market conditions. The T line remains an important trend factor for the major indices but the transportation index is showing more decisiveness up above the T-line. The transportation index trading positive and the other indexes trading negative is more evidence there is not any decisive consensus in investor sentiment. Short positions have been maintained during this recent bounce because they can never close back up above the T-line. And there are a number of bullish charts that are acting well. This is due to the markets not having any current direction.
January 27th Daily Market Comments
Candlestick charts allows investors to get a much more clear indications of what the markets are trying to do. It also allows the candlestick investor to see when a market doesn’t know what it’s trying to do, as seen in the current market conditions. The T line remains an important trend factor for the major indices but the transportation index is showing more decisiveness up above the T-line. The transportation index trading positive and the other indexes trading negative is more evidence there is not any decisive consensus in investor sentiment. Short positions have been maintained during this recent bounce because they can never close back up above the T-line. And there are a number of bullish charts that are acting well. This is due to the markets not having any current direction.