October 1st Daily Market Comments

Nothing surprising Today in the market trend, the indexes continue to trade above the T-line with the same nature of the uptrend that occurred prior to the September selloff. Slow and oscillating, no rampant exuberance. The classic pattern is working well. Numerous J-hook patterns are working well. Stay predominately long. The existing short positions are now getting fewer and fewer. The uptrend should continue as long as the indexes stay above the T-line, a very simple trend analysis.