Alley...appreciate your analysis, but I'm having trouble interpreting it.
Yes or no question: Do you feel that knowing it's recent past, that you can predict when the market will stop falling and reverse?
After reading your analysis, it seems what you said could be reduced to something like:
"The market has been going down, which is bad. Because it has been going down, it remains highly possible it will continue to go down. However, keep an eye out for signs that it is stabilizing, and if those stabilizing trends take root, we should start to increase thereafter. But if it doesn't, then it will continue to decline, unless...etc."
Am I missing something?
It seems you are saying that whatever will happen will happen, and after it does, we will know what it did.
Davids
Market Data 
Markets 
AI
