actio-et-reactio
Balance is but a brief transition between extremes.
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Monday, June 16, 2003
Monday comment
phfft! Meaning, another RSI neg diverge stick on the fire, and now what? phfft, beats me!
I will say this, there is what might be called a marginal RSI positive reveral,
** but with the neg divergence, it 'shouldn't' play out, and thus I choose to not use it. Price will tell us the truth!
**An RSI Positive Reversal is when RSI bottoms make lower lows while price bottoms make higher highs. In this case, RSI is about the same, rather than lower (the blue dashed line), thus my call of "marginal". It could mean "complex topping".
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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