smashing friday, page-9

Since the high of 7 Jan we have been moving down in a very orderly tight channel not too dissimilar to the move down off the 5 November low into "the" low, but for this move momentum is not as strong, the daily ranges are smaller in points (is that saying the same thing?) and the pitch is not so steep (is that that saying the same thing again?).

In the prior move we dropped 1090.4 points in 12 trading days.

For this move so far we've dropped 405.6 points (as at today's low so far) in the same time today being the 12th trading day off the high.

What does this mean? Imo this is not a panic move - "sell first, ask questions later" (although that could change) -but more an ordered revaluation of the market - "this is the new price for this stock". We had a few month to assess the patient and now appropriate treatment is being given. The patient could still go into cardiac arrest at any moment.

Enough dribble from me, safe trading...