actio-et-reactio
Balance is but a brief transition between extremes.
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Monday, November 10, 2003
Comments for Monday, 10 November
Support at 1042.5. The bullish outcome is weakened, but not dead...yet. However, a strong move below 1042.5 does crimp the likelihood of moving back to the 1060 area and opens 1028-1032 and 1011-1015.
Look at the small cap ratio charts. The Growth/Value ratio chart is barely turning up. This ratio has been a harbinger of broader market direction. It is presently forecasting a minor pullback.
1 Nov: Bullish outcome targets 1050, 1065, and 1106 (on *monthly*, change from 1138).
Labels: chart-analysis
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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