The McMuffin pattern is still the predominant indication of investor sentiment. The virus news seems to be just as good/bad as it has been for the past few weeks. How should we analyze that? We don’t need to, the McMuffin pattern produces extremely high results. We do not need to analyze how the current news is affecting the market, we just need to analyze what everybody else thinks the news is doing to the market trend. Keep the analysis simple.
March 30th Daily Market Comments
The McMuffin pattern is still the predominant indication of investor sentiment. The virus news seems to be just as good/bad as it has been for the past few weeks. How should we analyze that? We don’t need to, the McMuffin pattern produces extremely high results. We do not need to analyze how the current news is affecting the market, we just need to analyze what everybody else thinks the news is doing to the market trend. Keep the analysis simple.