Once again, there is evidence of buying in the market indexes in the oversold condition. Yesterday the indexes form Doji’s and hammer signals. The distance away from the T-line remains in alerting factor. The probabilities are now indicating picking up some long positions. But this should be done on the basis of being quick to close out long positions if the potential reversal signals negate, meaning the sellers come back in with strength.
March 19th Daily Market Comments
Once again, there is evidence of buying in the market indexes in the oversold condition. Yesterday the indexes form Doji’s and hammer signals. The distance away from the T-line remains in alerting factor. The probabilities are now indicating picking up some long positions. But this should be done on the basis of being quick to close out long positions if the potential reversal signals negate, meaning the sellers come back in with strength.