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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Sunday, June 15, 2003

Opening comments for week of 20 Jun 03

Looking for 953 on SPX, with confirming indications on daily & weekly: SPX RSI neg divergence, fork/prior hi/MM supt confluence, existing negative divergence CMF on daily (but still strong on weekly. The spike touch of the primary daily green fork looks to be playing itself out. (Daily chart below)

This is Options Expiration week, so narrowing volatility will make for some drama. Still favoring a complex topping, not an avalanche correction.

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posted by Ana Maria @ 9:07 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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