Is everything working as regards to your trading plan? This is the first question each investor should ask themselves before the market opens each day. This is where candlestick analysis greatly solidifies an investors discipline. The graphics of candlestick charts reveal what is occurring in investor sentiment, either confirming or negating what a trend expectations are doing. The basis of successful investing is knowing what should be occurring in existing trades. Currently the market indexes are still trading above the T-line after a few days a consolidation. The expectation should be the uptrend is still in progress. This same evaluation can be used on individual stock charts to keep from being whipsawed in and out of positions. Currently stay long, any short positions should still have convincing selling occurring.
September 29th Daily Market Comments
Is everything working as regards to your trading plan? This is the first question each investor should ask themselves before the market opens each day. This is where candlestick analysis greatly solidifies an investors discipline. The graphics of candlestick charts reveal what is occurring in investor sentiment, either confirming or negating what a trend expectations are doing. The basis of successful investing is knowing what should be occurring in existing trades. Currently the market indexes are still trading above the T-line after a few days a consolidation. The expectation should be the uptrend is still in progress. This same evaluation can be used on individual stock charts to keep from being whipsawed in and out of positions. Currently stay long, any short positions should still have convincing selling occurring.