What is the market tell on us? It still does not know which way it wants to go! The T-line still remains a very important support and resistance level. If an up-trending stock does not have enough bearish energy to trade back down below the T-line, assume it’s uptrend remains in progress. If a downtrending stock does not show enough bullish energy to bring it back up through the T-line, assume the downtrend remains in progress.
October 12th Daily Market Comments
What is the market tell on us? It still does not know which way it wants to go! The T-line still remains a very important support and resistance level. If an up-trending stock does not have enough bearish energy to trade back down below the T-line, assume it’s uptrend remains in progress. If a downtrending stock does not show enough bullish energy to bring it back up through the T-line, assume the downtrend remains in progress.