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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Friday, January 14, 2005

micro-chop and the play book

Doing the micro-chop shuffle. The 5m doesn't show it, but it's glaringly obvious and out in the open on a volume chart (both shown below). The 11:40 bar on the 5m is a fully predictable corrective move on the 3000V chart. I gotta remind myself that the playbook is thin and "they" will run the same plays over and over and over again, no matter how obvious it looks. And it's done at the micro-chop level.

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posted by Ana Maria @ 11:51 AM :: 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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