Stephen Bigalow
and The Candlestick Forum
The China fear is being expressed on all the news stations. People in New York City are not leaving their homes, not even going to the grocery stores. Not to use an old cliché, but the best time to be buying is when everybody is panic selling. Keep your powder dry. Today’s gap down in the indexes are starting to show some buying after the open. Watch for a double bottom set up. Adding any positions in these market conditions should have very compelling signals. Otherwise, be patient, opportunities will make themselves apparent in the next few trading days.
March 6th Daily Market Comments
The China fear is being expressed on all the news stations. People in New York City are not leaving their homes, not even going to the grocery stores. Not to use an old cliché, but the best time to be buying is when everybody is panic selling. Keep your powder dry. Today’s gap down in the indexes are starting to show some buying after the open. Watch for a double bottom set up. Adding any positions in these market conditions should have very compelling signals. Otherwise, be patient, opportunities will make themselves apparent in the next few trading days.