actio-et-reactio
Balance is but a brief transition between extremes.
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Friday, April 12, 2002
Friday, April 12 close
NDX closed *right* on 1351 support. Also as anticipated, the NDX gapped open, sold, and gained to close positive on the day, however negative on the week.
Velocity of today's move was not so fevered, to its benefit. Next resistance is 1371, which if overcome suggests a move at least to 1399, where on the 60m there is a confluence of the bullish and bearish Andrews; or 1411 at best where on the daily there is resistance (62% fib and prior trendline). Next supports are 1341, 1330, 1319.
Labels: market-calls-dated
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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