The oscillating nature of the market trend remains in progress, up one day down the next day. The T-line remains the strongest overall indicator for the market/price trends. Continue to utilize the strong patterns, such as the J Hook pattern, as seen in HZO. Fry pan bottom patterns have been developing in the oil stocks. With the overall market trend still in a relatively indecisive stage, utilizing the patterns at least provide a visual expectation of individual stock prices even when the overall market trend is not compelling.
May 21st Daily Market Comments
The oscillating nature of the market trend remains in progress, up one day down the next day. The T-line remains the strongest overall indicator for the market/price trends. Continue to utilize the strong patterns, such as the J Hook pattern, as seen in HZO. Fry pan bottom patterns have been developing in the oil stocks. With the overall market trend still in a relatively indecisive stage, utilizing the patterns at least provide a visual expectation of individual stock prices even when the overall market trend is not compelling.