actio-et-reactio
Balance is but a brief transition between extremes.
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Friday, October 24, 2008
Boeing Company market geometry
Aside from the remarkable price action at the current bisect (which is also confluent with the "Alan Box 50% of prior 5 years), check out the resistance/support at horizontals drawn from prior 'strike call' date/price. (The orange lines)
Regarding the Alan box, price technically failed to hold that gray up-line. It is in an "outside flag" and perhaps the best prior instance is the similarly failed "outside flag" just above, after the 9/5 strike call. Talk about timing...the call came just at the time of the big market drop.
Labels: alan box, bisects-forks-medianlines, 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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