Saturday, January 17, 2009

Correction to End of Day/ Week Report…

My apologies...

I do strive to be accurate in my work, and when I’m not, I want to be the first to admit I was wrong. In my current End of Day/ Week Report I made an error when discussing the hammer candlestick on TLT, and didn't realize it until I was laying in bed!

I mentioned that a reversal of that hammer would conflict with all the other hammers found in equities, and that was incorrect. It would actually support the direction of movement of the other hammers as bond prices normally rise when stocks decline which is what those hammers are saying.

The End of Day post regarding TLT has been updated.