The T-line rule remains in effect, the downtrend of the markets is in progress as long as the indexes continue to trade below the T-line. Numerous short recommendations opened lower but are currently trading higher than where they opened. This makes for an easy entry strategy. Be ready to short these positions when they come back down through the open. Obviously, any long positions still be in maintained require staying above the T line. Be predominately short or in cash.
March 25th Daily Market Comments
The T-line rule remains in effect, the downtrend of the markets is in progress as long as the indexes continue to trade below the T-line. Numerous short recommendations opened lower but are currently trading higher than where they opened. This makes for an easy entry strategy. Be ready to short these positions when they come back down through the open. Obviously, any long positions still be in maintained require staying above the T line. Be predominately short or in cash.