Today’s positive trading does not indicate any major change of investor sentiment in the markets. The indexes may be starting to base but as long as the indexes continue to trade below the T-line, the downtrend has to be assumed to still be in progress. Maintain short positions but there are long positions that continue to trade above the T-line. This is still a market environment to have both long and short positions in place.
September 24th Daily Market Comments
Today’s positive trading does not indicate any major change of investor sentiment in the markets. The indexes may be starting to base but as long as the indexes continue to trade below the T-line, the downtrend has to be assumed to still be in progress. Maintain short positions but there are long positions that continue to trade above the T-line. This is still a market environment to have both long and short positions in place.