The indexes all close below the T-line yesterday after revealing sell signals, accept for the Dow. However, the Dow illustrated the same signals at the 200 day moving average as witnessed in mid August. A Doji/Harami followed by bearish confirmation and confirmed with today’s gap down below the T line. Now the trading should be oriented to the short side.
November 3rd Daily Market Comments
The indexes all close below the T-line yesterday after revealing sell signals, accept for the Dow. However, the Dow illustrated the same signals at the 200 day moving average as witnessed in mid August. A Doji/Harami followed by bearish confirmation and confirmed with today’s gap down below the T line. Now the trading should be oriented to the short side.