actio-et-reactio
Balance is but a brief transition between extremes.
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Thursday, February 19, 2004
81m chart ES emini
Could chop around this zone between the grey and green bisects. The grey bisect showed potential to 1181-1190, but the recent inability to break through the 1160 resistance is troubling. As indicated, such failures to reach the upper fork are often indications of weakness. On the other hand, the longer trend is still up, so the bulls may yet throw another party. A decisive break of the Green bisect targets a bounce at 1140, which if broken targets 1130-1125.
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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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