If it closes here
the market made a new higher high and reversed to print a lower low than the
previous day. That would be interesting if it occurs.
As a note, I quick
called the end of the 1929-1987 SC analog. Everything Carolan did was
based on end of day price without regard to lower or higher intraday
prices. He ignored some intraday highs and lows that did not mark the
corresponding end of day print. That’s consistent with the classic
TA masters Dow, Edwards and Magee and others who believed the real players
don’t take meaningful positions until the last hour of the day.
Jim