actio-et-reactio
Balance is but a brief transition between extremes.
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Tuesday, April 16, 2002
Gotta Have it... NOW!
The "Gotta Have it, NOW" index is at it again. Plowed right through first resistance 1371, into 1399, and looks to be wanting 1411 where on the daily there is resistance (62% fib and prior trendline). Otherwise, not much has changed, ie, no new Andrews Lines, just a shift in focus away from the lower targets to the higher targets.
Don't lose sight of the weekly, which is still down. Positive moves are still counter trend. Note too the daily, which while short term positive, has not built a base (ha ha ha, as if the NDX has ever built a base in the past few years).
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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