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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Tuesday, October 17, 2006

Follow-up: INDU & RSI

Following up on prior post. The early action pushed the INDU hard into a mid-day reversal. (See inset on image) During that flush, "classic" RSI pushed thru the first (Oct 17th) trendline, into the next one down, and almost tagged the "Bump" line.

The midday reversal canceled all that and the close was on the second (Oct 20th) trendline. Notice that the fisherized RSI didn't make a perceptible budge.

So...still in strength, reaction down is still positively divergent (ie, pullback not full blown reversal).

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posted by Ana Maria @ 5:37 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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