
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%).
chartLabels: 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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