Is this the market reversal? Note that there has been no reversal signals in the indexes, merely a selling day/profit-taking during an uptrend. As demonstrated in the past four days of the uptrend, the selling has occurred in the early morning trading, followed by buying going into the latter part of the day. Numerous uptrend in stocks are selling off this morning but without candlestick reversal signals. Numerous stocks have already pulled back and tested the T-line. The prudent strategy is to do nothing until the markets indicate what will be happening at the end of the day. Be patient.
March 8th Daily Market Comments
Is this the market reversal? Note that there has been no reversal signals in the indexes, merely a selling day/profit-taking during an uptrend. As demonstrated in the past four days of the uptrend, the selling has occurred in the early morning trading, followed by buying going into the latter part of the day. Numerous uptrend in stocks are selling off this morning but without candlestick reversal signals. Numerous stocks have already pulled back and tested the T-line. The prudent strategy is to do nothing until the markets indicate what will be happening at the end of the day. Be patient.