actio-et-reactio
Balance is but a brief transition between extremes.
My Pages
Trading Friends
News & Reference
Credits
Content: amg
Basis: glish & bluerobot
Powered by blogger
Web Host: lunarpages
Search
Archives
Wednesday, November 19, 2003
Tues 19 Nov, Daily, 60m SPX
Positive RSI Reversal on Daily-- may be a dead cat, but "should" go up tomorrow. Note there is also a negative divergence in play (typical during congestions). Price is weakening and on the verge of outright done, but not quite:
Positive RSI Divergence on the 65m, with only a little room to run as there is also a concurrent Negative RSI Reversal being built (price would have to best the last swing high to negate it). While the daily is weakening, this one is already working against resistance:
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
recent comments
