Today’s oscillation in the indexes continue to reveal a lack of cohesiveness in the bulls or the bears. The prevailing trend is still influenced by the T line rule, a downtrend is in progress as long as the indexes continue to trade below the T line. Obviously, the shorts have been working well today. Use the T line as your ultimate criteria to keep from getting whipsawed.
March 4th Daily Market Comments
Today’s oscillation in the indexes continue to reveal a lack of cohesiveness in the bulls or the bears. The prevailing trend is still influenced by the T line rule, a downtrend is in progress as long as the indexes continue to trade below the T line. Obviously, the shorts have been working well today. Use the T line as your ultimate criteria to keep from getting whipsawed.