A Market Short Is Setting Up

Be patient. This is a downward sloping trading channel and we need to see resistance.

PRE-OPEN MARKET COMMENTS THURSDAY - I often tell you that you don't need to conduct fundamental analysis. Price is truth and all you need is technical analysis. Many people have a very hard time trusting it because they think it is some type of VooDoo Magic. Just because something happened before doesn't mean it will happen again. The green and red rectangles are not random. They are displaying behavior and animals absolutely repeat their behaviors. When a deer is on a path that leads to a stream, there is a very high likelihood that it is going to stay on that path. Technical analysis (TA) helps us identify those paths.

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