actio-et-reactio: for every action there is a reaction. In the background is a sketch by Leonardo da Vinci-teeter-totter- a symbol of how tenuous is the balance between extremes

actio-et-reactio

Balance is but a brief transition between extremes.

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Sunday, February 03, 2002

actio-et-reactio pattern ::: AB=CD reversal

One of the best examples of actio-reactio, balance, is the AB=CD pattern. In the chart below, the Japan iShares EWJ monthly chart, the leg AB is the first downdraft, which is geometrically equal in time and price to the CD leg, the second downdraft. This is further reflected in the reciprocal zig-zag relationship (ie, 1/0.941 ~ 1.068). This index is clearly approaching a buy.

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posted by Ana Maria @ 11:45 PM :: permalink




moon phases
 

At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows

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