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Mario Randholm Blog. Mario is the founder of Randholm & Co. S.A.C., an investment management company dedicated to producing superior returns for its clients and employees by adhering to mathematical and statistical methods.
El mercado continua weak (Video in Spanish)
Overall, the market is acting exactly as I have mentioned often lately, that being that the bias here is sideways to down and not just down. I think the simple reason for this is that the consolidation after the 8/24 low simply took too long and built out too far to the right. This creates a good deal of support all over the chart and it’s difficult for prices to get lower. A cleaner move to the downside would have been a bounce and then quick retest of the lows.