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 22, 2003

Weekend Comments June 22

Weekend: Outlook not much changed. Looking for dead-cat to 1015-1023 as part of complex topping, which is still favored. A shallow correction to ~ 984 (-3.1% relative to 1015) , with 964 (-5.1%) to 948 (-6.6%, last swing high) possible if it gains momentum. I consider these somewhat shallow given what is IMO a still pricey market. The last swing low is @ 913 (-10%).

chart

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posted by Ana Maria @ 4:18 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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