actio-et-reactio
Balance is but a brief transition between extremes.
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Thursday, November 13, 2003
Thurs, 13 Nov, 135m chart- end of day comment
Here's where the ES closed. I greyed out the former red down bisect and the older blue bisect is now back in play. Price touched the prior-red now gray 'warning' line (or 'trigger' line as Mikula calls it), as well as the upper yellow, both of which are resistance. The Negative Reversal may have played itself out, and there is still a downtrend line on RSI to break to confirm more of the bullish case.
In short, not all out snortin' and huffin' bullish, but no outright sell. Support @ 1053-1055.5, resistance 1060.5-1061.5 and
da moon! hee hee
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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