To some investors, they might look at the market and say, “Hey on Monday the market was up a little, and today is was down a little. NBD”.
And they won’t be wrong.
In fact, Charlie Dow always preached that closing prices were the most important prices. And that was 130+ years ago.
But for those of us who understand the current circumstances. For those of us who do watch the market internals and intraday action, we wouldn’t come to that sort of simple conclusion that easily.
In fact, we’d probably disagree with the, Up a little Monday and Down a little Tuesday idea.
There’s much more to it than that. [Read more…]