The indecisive trading days in the market indexes right on the T-line was good evidence that the Bears had not been able to take control. Obviously, Today’s positive trading is keeping the indexes well above the T-line, producing J-hook patterns. The J-hook pattern is the most prevalent pattern set up in numerous bullish stocks. Utilizing these patterns greatly improves profitability due to the results producing much greater price moves. Continue to stay long as long as the market indexes do not create any strong sell signals. Enjoy the uptrend.
November 25th Daily Market Comments
The indecisive trading days in the market indexes right on the T-line was good evidence that the Bears had not been able to take control. Obviously, Today’s positive trading is keeping the indexes well above the T-line, producing J-hook patterns. The J-hook pattern is the most prevalent pattern set up in numerous bullish stocks. Utilizing these patterns greatly improves profitability due to the results producing much greater price moves. Continue to stay long as long as the market indexes do not create any strong sell signals. Enjoy the uptrend.