Filter THIS! Record lows (temperature)

Today”s one thing is… Record lows (temperature).

I woke up to Saturday morning”s local weather forecast. During the meteorologist and anchor”s banter, one of them noted that the day”s lowest temperature is usually recorded in the minute before sunrise.

If you weren”t already aware, it”s also darkest before the dawn.

Too bad that were not trading sunrises. I have a fairly reliable pattern for that market. (Look out below, the one time that it doesn”t work.)

I”ll bet you thought my point was that the worse conditions seem, the nearer they are to ending. Actually, you would be right. But my bigger point is that nightfall always returns. Perhaps not like clockwork, but nothing trends straight up, or down.

Consider that for a moment, in terms of different “periods.” The implication is obvious for daily bars, which we are most accustomed to viewing. But intraday bars also don”t trend in a straight line. Consider opening surges and dips. These are often retraced through the morning.

As we sit on pins and needles with baited breath, ducking falling knives and dead cats (my daily metaphor quota is depleted), pay attention to opening surges that reverse into negative territory — and then recover to close above the morning”s high. That”s the equivalent of sunrise.

Any less strength is still night.