Happy New Year to everybody, and may 2016 be a prosperous trading year!
I have a reflection that I’d like comments on – when trading starts in January, do I simply take the data from December as background and extrapolate trends, support lines etc as usual, or do I wait a week or two to see where January seems to go?
Reason I’m asking is that it seems to me that the markets are either very volatile or very slow during the last couple of weeks in December, and marketers may well be starting the new year as so many people do – with fresh resolutions!
Hi Gustaf, might be worth observing things for a day or so (wc 04/01/15) as the institutions settle back in after the holidays (reallocating their holdings etc.) but it’ll be business as usual after that.