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.

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Monday, January 10, 2005

135m ES (no Globex)

Chaikin is indicating good money flow and the Mojo oscillators are only mildly weak. The last wave extended to 1.618 (top red line, or see the daily chart on the HNY page, which is still up) where price peaked and fell to break the wedge. So far, the correction has managed to stay above 1172, a retrace sweetspot. While this 135m doesn't inspires an aggressive long, neither does it say shorting is in order. Patience.

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posted by Ana Maria @ 7:55 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

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