Friday, November 29, 2002
End of November - checking in
Hope this shortened week brought you bits of rest and fun. Seems the holidays are usually a mix of stress and gratitude. As long as the gratitude wins out in the end, all the better!
I've started a new weekly chart for the next month. The old forks, and trendlines, went bust and what were "tentative" up-channels went In-Play. Loads of folks looking for a short term top, moi aussi. My targets:
::: 940-- old 8/98 low, which has served as support, becomes resistance;
::: 955-- actually, a string of hits when viewed on the daily chart (see prior post), suggesting more side-winding up ahead
::: 963-- cross over of larger "Blue" ML half-fork with "Grey" ML, and upper 13-week Bollinger Band
RSI on the weekly chart is clearly in a topping zone, but has not yet rolled. Daily RSI is coiling but not yet broken.
Stay safe & enjoy the ride!
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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