actio-et-reactio
Balance is but a brief transition between extremes.
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Wednesday, November 26, 2003
Thanksgiving, seasonality, the moon, sayonara in the wind
The air is prickly with portents! Aside from the vegetable soup of economic reports on Wednesday, the odds favor squeeking out one more run at a high. VTOreport.com (now defunct) long kept seasonality reports. Second only to the last trading day of the year, the day after Thanksgiving has the highest odds for being an up day. Couple that with the "Turn of month buying spree" and the peak in the moon gains odds... you'd start thinking back up the truck! But wait...
When there is so much good, the odds are
the rally is on its last legs. Time to say sayonara.
135m chart ES :::
Daily SPX :::
65m SPX :::
Weekly SPXLabels: cycles, seasonals
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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