Throughout this book, once a new tool has been introduced it has often been used in subsequent chapters. An incremental approach has therefore been adopted to the introduction of new techniques.
This chapter completes that process by looking at one more trade which draws on a range of the techniques discussed previously.
Each chart will be shown to invite you to form your own opinions on it using the tools and techniques we have discussed in the book. Then on the next page you will find my own commentary – see if you agree or not with it or not.
We start by looking at the overall market at the end of the third quarter of 2008. Don’t turn the page until you have formed an opinion on the chart.