The indecisive nature of the market has one very compelling feature. The indexes, once they closed above the T line, were in an uptrend. For the candlestick investor, this is a very important analytical tool. Although the market conditions warrant having successful long and short positions, the upward bias of the market at least produces having more analysis making sure the short positions are not losing momentum. The oil stocks remain a very strong sector.
October 20th Daily Market Comments
The indecisive nature of the market has one very compelling feature. The indexes, once they closed above the T line, were in an uptrend. For the candlestick investor, this is a very important analytical tool. Although the market conditions warrant having successful long and short positions, the upward bias of the market at least produces having more analysis making sure the short positions are not losing momentum. The oil stocks remain a very strong sector.