Here's the same chart as was posted Sunday, zoomed in and with the additional bar for the week that began with Monday's trading:
What do we glean from this chart?
That the FBS is rolling over, just above the signal line;
that the weekly trend won't turn down until about 752;
that until that happens, the trend is still up (blue);
and that it takes 16 wins to capture the Stanley Cup, the Red Wings have 14 more wins to go.
Question: Allan, I don't see anything about the Red Wings on the chart.One more thing.
Allan: That's not a question.
If this were the start of a vicious new decline, it might look exactly like the chart above. But so would a lot of other things, including a shallow retracement. So let's chill out for now.