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.

My Pages

My Amazon.com Wish List

Trading Friends

News & Reference

Credits

Content: amg
Basis: glish & bluerobot
Powered by blogger
Web Host: lunarpages
Powered by Blogger

Search

Archives


Tuesday, April 09, 2002

Gap-Down to Slap-Down

Right, gapped down 30+, exuberant reversal, only to be slapped down ~40 points.

Recall that 1356 is the 2nd V of the February VV (the first being 1329). So, while on a 30m or 60m chart an optimist might be seing a double bottom put in, which may in the end be good for a day trade, it's not registering much bullishness on a daily chart. Remember the parade of faux double-bottoms in the April rally?

Labels:

posted by Ana Maria @ 3:37 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

recent comments