Monday, October 25, 2010

Update on March/April Comparison

Supposing this comparison is valid, the two rallies have achieved the same height now. If today's high is violated in the next few days in a big way, then the comparison is no longer worth noting. It was only some sort of coincidence. I should reiterate that I never intended to suggest this is something worth trading on. I just found it odd. In fact, I'm seeing some evidence now that the price behavior is deviating a bit from the March/April rally at the top in that the distribution patterns are not the same, although they are still quite similar looking.

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