The Dow closed right on the T line yesterday. Currently it is showing positive trading, a bullish Harami, indicating the T line is continuing to act as support. The other indexes are up strong enough to have negated any of the sell signals. Numerous trend kicker signals and bullish Harami’s are in the process of forming. The uptrend continues as long as the indexes do not start trading back down through today’s open.
October 28th Daily Market Comments
The Dow closed right on the T line yesterday. Currently it is showing positive trading, a bullish Harami, indicating the T line is continuing to act as support. The other indexes are up strong enough to have negated any of the sell signals. Numerous trend kicker signals and bullish Harami’s are in the process of forming. The uptrend continues as long as the indexes do not start trading back down through today’s open.