Numerous frypan bottom patterns are working well Today, in a market that is not demonstrating any dramatic force one way or the other after the open. This also correlates with the lack of direction of the overall market trend still in a sideways wedge formation. Stay with the sectors that are acting strong, i.e. shipping stocks. Stay with positions that remain above the T-line.
October 23rd Daily Market Comments
Numerous frypan bottom patterns are working well Today, in a market that is not demonstrating any dramatic force one way or the other after the open. This also correlates with the lack of direction of the overall market trend still in a sideways wedge formation. Stay with the sectors that are acting strong, i.e. shipping stocks. Stay with positions that remain above the T-line.