Friday 21 December 2012
As long as the end of the world is not happening, we might as well continue monitoring the markets. You can see from the current chart that we have another instance of a close on the low that could be meaningful. This one has a sharp volume increase, as well.
Market analysis is ongoing. Just because something did not work as a possibility at one point, does not mean it is still not valid at another. The concept is grounded, but knowing the precise circumstances in which it will apply is an art form, and one not fully developed for this configuration.
Consistency in analysis is critical, so we point this out as a means of capturing developing market activity that can lead to putting the market into a context that may, in turn, yield an opportunity.