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 10, 2002

Wither Next?

The SPX/NYSE continues to outperform the NDX/COMPQ. This is best seen on the Andrews pitchfork studies. Notice that while all the indices bounced, the COMPQ is working within a steep down-fork while the SPX has bounced off the larger Median Line. At worst a consolidation or perhaps even a modest rise this week, which is also Options Expiration and likely to be volatile. I [still] do not believe ollie-ollie-all-in-free has been called!

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posted by Ana Maria @ 9:32 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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