The markets continue to show definite indecision. It would be assumed that the market would pick up strength after the Dow about whether a healthcare bill was going to pass or not. However, this is a perfect example that no matter what each individual may think should happen has absolutely nothing to do with what the markets actually do. This is why the Japanese Rice traders always profess to let the market tell you what the market is doing, not what we think it should be doing. Today’s trading is not producing any vibrant action. Each individual chart should be the primary analytical factor. The T-line remains an important trend indicator.
May 5th Daily Market Comments
The markets continue to show definite indecision. It would be assumed that the market would pick up strength after the Dow about whether a healthcare bill was going to pass or not. However, this is a perfect example that no matter what each individual may think should happen has absolutely nothing to do with what the markets actually do. This is why the Japanese Rice traders always profess to let the market tell you what the market is doing, not what we think it should be doing. Today’s trading is not producing any vibrant action. Each individual chart should be the primary analytical factor. The T-line remains an important trend indicator.