actio-et-reactio
Balance is but a brief transition between extremes.
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Monday, March 25, 2002
Less confident in the breach....
Yesterday in my stockcharts.com comments I considered that if there were futher downside for the NDX, it could be short lived, with a rebound to the mid/upper Andrews on both the 60m and daily charts. Looking at todays charts, I'm far less sanguine. They sure look ugly for the short term with todays prices closing at the lows. At this point, expecting consolidation around the 50% retrace of recent rallies looks less likely. Well, tomorrow is another day!
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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