Friday’s indecisive trading, a Doji day, in the indexes made the likelihood of profit-taking Today that much greater. The Dow actually did a Doji after gapping up slightly in the overbought condition and at an all-time high. Today’s trading in the transportation index shows a definite change of investor sentiment after the Doji/shooting star signal at the T-line on Friday followed by a much lower trading Today. The prognosis remains the same, candlestick patterns, such as the Frypan bottom pattern will likely continue in spite of the market selloff, i.e.
September 24th Daily Market Comments
Friday’s indecisive trading, a Doji day, in the indexes made the likelihood of profit-taking Today that much greater. The Dow actually did a Doji after gapping up slightly in the overbought condition and at an all-time high. Today’s trading in the transportation index shows a definite change of investor sentiment after the Doji/shooting star signal at the T-line on Friday followed by a much lower trading Today. The prognosis remains the same, candlestick patterns, such as the Frypan bottom pattern will likely continue in spite of the market selloff, i.e.