Today is one of those days I want to be able to offer some great insight, some sharp, pithy comment. hmmmm. That's the desire of most in the blogosphere - and came what may - the bloggers invariably do.Weeeellllll.
Here it is .................
The market was down today. :)
And there's nothing much else to say.
The market (XAO) was down -1.0%
The 50-Leaders were down -1.1%.
The Small Ordinaries were down -1.0%.
The Advance/Decline Ratio was 0.77. That's about what you would expect on a -1.0% down day.
Today was an "inside day". So, the previous day's big rise hasn't been reversed. An inside day is usually followed by a move the next day in the direction of the short term trend - which is up.
hmmmm. Well, we'll wait on that one. If it is down - that's not a good sign.
Hang on - I do have something insightful and pithy to say. :)
The NewHighs/NewLows on the 50-Leaders was 2/0.
There - a non-confirmation of today's fall.
Tomorrow will be UP, UP, UP.
Oh YEAAAHHHHHHHH.
And I also have the Storey Bridge for sale.
Cheers
Red
