The slow uptrend channel continues to confirm but the whipsaw movement of the markets persist. This lends much more importance to the T-line. Although investor sentiment is still very quick to react to good news or bad news on a daily basis, the T-line acts as the final indicator. The slow up trending market continues to allow J-hook patterns to produce some very strong profits. Stay predominately long.
May 7th Daily Market Comments
The slow uptrend channel continues to confirm but the whipsaw movement of the markets persist. This lends much more importance to the T-line. Although investor sentiment is still very quick to react to good news or bad news on a daily basis, the T-line acts as the final indicator. The slow up trending market continues to allow J-hook patterns to produce some very strong profits. Stay predominately long.