The Good Old Days - Monday, page-4

Using my simple "wobbly ruler" technique, it seems we've touched an important line today, albeit on thin volume.
To my way of thinking, a break of this line suggest the current downtrend/trading range is coming to an end, and we are in for some upward movement. The timing of such a rise, if it were to occur, at the beginning of the year, would be fortuitous, since it would indicate that money managers are adding funds/laying their bets for the first 6 months of the year.
If, on the other hand, we fail here on higher volume, I would be wary of more of the same ie 5300-4900 trading range.