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.

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Friday, June 06, 2003

Friday Closing Comments

I'm concerned the spike touch of the primary daily green fork may be signalling a 'significant' pullback. There are now various supports, putting a brake on the move, in particular, the new lower trendline (lime green now at 943).

I've favored a complex topping, but even that scenario may not result in an avalanche correction, esp. with layers of support now having been constructed. It may become simply a traders market, at least through the summer.

chart

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posted by Ana Maria @ 4:20 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

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