The bounce failure at the T-line in the indexes on Friday demonstrated the lack of any bullish sentiment. The downtrend continues until evidence of reversal signals. Continue to stay predominately short. Even the oil stocks that showed bullish potential on Friday are selling off today. Utilize the T-line rule to keep from getting whipsawed.
September 6th Daily Market Comments
The bounce failure at the T-line in the indexes on Friday demonstrated the lack of any bullish sentiment. The downtrend continues until evidence of reversal signals. Continue to stay predominately short. Even the oil stocks that showed bullish potential on Friday are selling off today. Utilize the T-line rule to keep from getting whipsawed.