October 16th Daily Market Comments

Although the market indexes are continuing their slow uptrend it is still doing so in a choppy/oscillating nature. This puts more importance on utilizing the T-line as your ultimate trend indicator. Numerous J-hook patterns are continuing to work successfully. Utilizing the candlestick patterns takes some of the anguish out of watching a choppy market, the patterns will usually produce and expected and identifiable price move. Stay predominately long, continue to utilize the T-line as your ultimate factor.