Two Leonardos' in one Applied Analysis RAISE the BAR of TRADING CONFIDENCE |
Yes, prices were technically oversold but a few percentage point recovery will not cut it. Use price levels as reference points while going beyond price action analysis can do more good in timing a trade more than ever. This is where the underlying time and price correlation takes place within the three major markets price movements are equally as important to take note of. "CORRELATION" is the key component in these market conditions now. It is a matter of perspective to differentiate technical and fundamental analysis combined with Price Action and Market Behavior. Trading these markets is a "NO ONE SIZE FITS ALL'.
Here is a good reference presented. Just take the finer price points!
http://finance.yahoo.com/news/these-charts-show-why-investors-should-be-worried-135749194.html
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