actio-et-reactio: for every action there is a reaction. In the background is a sketch by Leonardo da Vinci-teeter-totter- a symbol of how tenuous is the balance between extremes

actio-et-reactio

Balance is but a brief transition between extremes.

My Pages

My Amazon.com Wish List

Trading Friends

News & Reference

Credits

Content: amg
Basis: glish & bluerobot
Powered by blogger
Web Host: lunarpages
Powered by Blogger

Search

Archives


Friday, January 02, 2004

One potential scenario

My favored scenario has been a pullback to the 34ma under a Positive RSI Reversal condition. With today's last 60m bar closing positive on mild pullback, such a condition is possible IF Monday is positive. Having said that, a rebound might then create a double top. Since we're talking potential, how a Negative Divergence on that rebound? That might make a good setup for a tradeable correction , which is simply a scarier pullback.

click to open full image

Labels:

posted by Ana Maria @ 11:40 PM :: permalink




moon phases
 

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