Bliss, excellent point concerning the $TSE. Now how about the $DAX? The same analysis stands. Now in mid-January, we are seeing a big dump. Same with the $CAC and the $FTSE. There is real evidence there that a larger move down is just beginning--and that was my point when I started writing 10 days ago.
My "guess" then was that the amplitude normally associated with an 80-week low had been delayed, and now, *maybe* we are seeing evidence.
Not wanting to argue but to observe, understand, learn, and anticipate the market's next moves.
BB