The market is down 1700 points, what does that tell the candlestick investor? The market opens down 2200 points, the candlestick graphics illustrate there is buying at these levels. That can also be clearly illustrated using the 10 minute chart. The indexes have moved excessively away from the T-line in the oversold area. Numerous stocks have moved excessively away from the T-line in the oversold area.
March 16th Daily Market Comments
The market is down 1700 points, what does that tell the candlestick investor? The market opens down 2200 points, the candlestick graphics illustrate there is buying at these levels. That can also be clearly illustrated using the 10 minute chart. The indexes have moved excessively away from the T-line in the oversold area. Numerous stocks have moved excessively away from the T-line in the oversold area.