actio-et-reactio
Balance is but a brief transition between extremes.
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Tuesday, November 05, 2002
Weekly bisects
Don't know about anyone else, but I'm finding it tough to DECIDE what to do...no matter what time frame. It's like walking in a mine field, what with "news event" noise so loud, with bullish desires so strong, and bearish needs too recently satiated. Times like this best to pull back a bit.
Here is one idea that I've been watching-- the convergence of those two bisects on the
weekly chart. The bullish case is winning just now, but as I indicate, a reversal, even late in the week, would straddle that nexus and put a bit of mud on the bull horns. I'll be updating the chart at the end of each day, however may or may not add comments. Stay safe and keep good thoughts!
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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