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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Wednesday, March 27, 2002

Wednesday comments

NDX price is behaving as if trapped in a tight range with buyers "on strike" but sellers not desperate. Relative strength lies with the SPX/DJ complex. Seasonality favors a short oversold rally to resistance.

(The 60m chart below is still in play. Support resistance shown as horizontal lines.)

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posted by Ana Maria @ 11:12 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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