Tuesday 24 November 2009
Little can be said about a market that stays range bound for two weeks, and
one that has weak demand accompanied by even weaker selling. You can
see from the chart that no one is in control, except to say that the trend has
been up, but up may have turned to sideways. The succeeding lifts to highs
have been progressively smaller in net gain. This is an indication of a
struggling market, and it could set the stage for a correction, although to what
degree cannot be determined.
Because we started by saying little can be said, we say no more.
