James,
It is not just the number of new lows, but on your chart a trend line down in new highs is handily drawn over a two year span. Simplistic but true, eh? Making clear the thinning of this market, the fabric is becoming transparent, showing the form thereof to be skeletal.
Are you bearish James? I have found your views to be well founded.
I am only a student, but what I can see looks like a serious correction, fwiw. I am back to what I know best, the beaten down and disdained gold and silver. Archaic, atavistic though they may be, (c'est moi, VBG) I know how to buy support and take advantage of spikes down there. It just reminds me of oil a few months ago. |
