actio-et-reactio
Balance is but a brief transition between extremes.
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Monday, April 22, 2002
Sell in May and Go Away
"Sell in May and Go Away". It's now been said & written publically by a number of TV and print pundits. Is it going to be that easy? LOL-- too often when I have asked that question, usually in disbelief, it really
has been that easy.
So much bullish sentiment from that gap up turned out to be just another OE headfake. Today's gap down was a thumper. Price has just been sliding down the Median Lines on the 15m, 60m.
While a steady continuation down is possible, there is the 61.8% at 1335 to put the brakes on, possibly followed by a (failed) return to the gap. The high volatility is back, which seems to return mostly with the bear moves.
Labels: seasonals
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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