Monday, March 11, 2002
Checking in; glitches rule the day; looking for an "equi-cycle"reversal
Checking in, now that
most computer problems are behind me. I still need an FTP client, preferably one that is free, not spyware, and really XP compatible. Things are running so smoothly I am reluctant to introduce a crash agent!
Speaking of PC glitching... I noticed that I was far from alone in these problems these past few days. Perhaps it was a case of looking for commiseration, but not only was my system whacko, but Yahoo!Groups had a major down-time to install system upgrades, as did Blogger, also to install various upgrades. I also read of fellow traders having system problems and for the first time in many many months, the DirecTV signal crashed, ostensibly due to solar activity, which I occasionally
watch. I find this "clustering" curious, but being undisciplined in my tracking of it, of little other value.
OK, wither the market. This move off of 1330 on the NDX has had remarkable strength. It represents a full 62% retrace of the 1734:1710 double top. Time and Price certainly did meet, which is represented by the AB=CD pattern I showed on the 60m chart and at this point is an 18% winner. What I find most interesting, though, is that price hit 1562.97, which is 1.5 points over the "B" price 1561.4. Even more interesting is that price hit it at the equi-time half-cycle (the 6th yellow bar on the chart).
Labels: Journaling
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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