actio-et-reactio
Balance is but a brief transition between extremes.
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Thursday, November 10, 2005
Lucky Charm? 3rd touch on Daily YM forks
YM mini Daily chart sees a third touch of the orange fork, with at this writing (3pm), what looks like a breakout. Price has also managed to walk over the red hot resistance coals, ie, the red "hot spot" which is Ensign's latest whizz-bang, Volume Rainbow. This feature is just now on the Beta release, but soon to be released as production. The purple-lines are the horizontals and angulars of an
Alan Box.
Mind you, the cash INDU looks significantly different, not only just in here, but in the pivots, most notably, the 7/7/05 "London" low, which is far lower on the futures than on the cash. The INDU broke the comparable orange fork already but will soon meet resistance on the white "London" fork.
It's always something, always another brick in the wall of worry, isn't it?
(click to open the images in a new window)
Labels: bisects-forks-medianlines
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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