The indecisive nature of the market trend has been altered in today’s trading. The Dow formed a Doji yesterday on the T-line followed by a gap down today. That combination indicates decisiveness, in this case to the downside. Long positions that have been trading positive but doubtful should be closed out if they are showing weakness in today’s market. The short positions should be maintained and likely added to if the markets demonstrate more weakness early next week.
September 9th Daily Market Comments
The indecisive nature of the market trend has been altered in today’s trading. The Dow formed a Doji yesterday on the T-line followed by a gap down today. That combination indicates decisiveness, in this case to the downside. Long positions that have been trading positive but doubtful should be closed out if they are showing weakness in today’s market. The short positions should be maintained and likely added to if the markets demonstrate more weakness early next week.