Happy New Year, Dragons and the price of wine

The liv - ex team seem to be scraping the barrel for movements in the fine wine indices http://www.blog.liv-ex.com/2012/01/the-year-of-the-dragon-a-return-to-prosperity.html .

However the charts on the front of their site, http://www.liv-ex.com/index.jsp, tell a good story. The daily chart has stopped falling and right on the bottom trend for the monthly chart which indicates support for prices at this level. However using charts to predict price movement is about as good as looking to the stars.



William Frazier