The horizontal lines are drawn at the standard deviation of the green oscillator. Both oscillators indicate we are in a cash build-up period. Any T we attempt to draw here will most likely be a failed T. If you recall from the Daily T I drew of the Dow Jones Industrial Averages, the daily averages are in an expired T zone that is normally a bear move. As we move into the longer term market correction, the average rally will increase in magnitude. A 300 point one (1) day rally in the DOW would confirm the correction. In a bull market you will almost never see a 300 point one day up move in the DOW. However, bear markets always produce high magnitude daily rallies. This is why the laws of probability keep the suckers coming back. Jessee Livermore said that you always liquidate a large block of stock in a downtrend.
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