Today’s positive trading in the indexes are creating bullish Harami’s, indicating the selling may have stopped. However, stochastics are just now heading into the oversold area and the day is not over yet. It will be important to see where the market indexes close today. The Dow is currently trading at the low of last month, providing the possibility of another bottom at this level. Stay predominately short but be attentive.
October 29th Daily Market Comments
Today’s positive trading in the indexes are creating bullish Harami’s, indicating the selling may have stopped. However, stochastics are just now heading into the oversold area and the day is not over yet. It will be important to see where the market indexes close today. The Dow is currently trading at the low of last month, providing the possibility of another bottom at this level. Stay predominately short but be attentive.