October 11th Daily Market Comments

The market trend analysis is greatly simplified when visually applying the information on a candlestick chart. The combination of candlestick signals and the T line make for highly accurate trend analysis. Although the Dow is trading relatively flat on the day, the other indexes, the NASDAQ, S&P 500, and transportation index continue to show a bearish trend, especially the NASDAQ. Note that short positions that have strong sell signals continue to perform well. If you are not comfortable shorting positions, utilize the short funds.

 

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