The T-line probabilities! Note that the positive trading in the Dow this morning failed right at the T line once again. The NASDAQ and the S&P 500 continue to show weakness, trading at the lower end of there trading range after the initial buying this morning. Simple rule – as long as the indexes are trading below the T line, a downtrend is in progress.
September 10th Daily Market Comments
The T-line probabilities! Note that the positive trading in the Dow this morning failed right at the T line once again. The NASDAQ and the S&P 500 continue to show weakness, trading at the lower end of there trading range after the initial buying this morning. Simple rule – as long as the indexes are trading below the T line, a downtrend is in progress.