When you've looked at as many charts as I have (well into the six figures), you start to notice things. I saw this mildly interesting phenomenon. Here is the /ES from about 12/15 to about 1/15:
So what we have here is…….
- Yellow: A swift rise then fall;
- Green: a relatively lengthy basing period;
- Teal: A launch off the base, which quickly peaks and then falls back down to its launch price;
- Magenta: A dip in prices, an attempt to push back into the launch area, and a subsequent failure
Here's the interesting part…………here's the /ES from 1/15 to date…….
Pretty interesting, eh?
