actio-et-reactio
Balance is but a brief transition between extremes.
My Pages
Trading Friends
News & Reference
Credits
Content: amg
Basis: glish & bluerobot
Powered by blogger
Web Host: lunarpages
Search
Archives
Tuesday, April 09, 2002
have you noticed...
Dunno if anyone has noticed recently, but the 1329-1399 range is a major pivot level of The Big Rally from 1990 to 2000. Using that rally hi/lo,
- the 75% level is 1399;
- the 76.4% (2*.618) level is 1329.6 (Feb02 low was 1329.9); and
- the 78.6% fib is 1228.6.
I suspect much to-ing and fro-ing around this level before the NDX gives way, partic. without any "major" fundamental catalyst, being as poor earnings, overinflated PE, etc, etc are already "priced in". What a crock of mumbo jumbo trying to reason the market is, eh?
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
recent comments
