Beware the bounce! Note how the indexes were starting to move a good distance away from the T line. This created the potential of investor sentiment producing a bounce back up toward the T line. However, that did not necessarily mean a reversal of the market trend. Positive trading would merely allow the T line to close the gap between itself and the market price. Before covering any short positions, allow the trading to show what it is likely to do going into the end of the day.
September 27th Daily Market Comments
Beware the bounce! Note how the indexes were starting to move a good distance away from the T line. This created the potential of investor sentiment producing a bounce back up toward the T line. However, that did not necessarily mean a reversal of the market trend. Positive trading would merely allow the T line to close the gap between itself and the market price. Before covering any short positions, allow the trading to show what it is likely to do going into the end of the day.