:: actio-et-reactio ::
amg's market charts and blather
What I find interesting at the end of today are the three narrow doji-like candles formed on the SPX and COMPQ, while the DJIA has had wider range days with a modestly rising trend. A move to the ridiculously named "defensive blue chips"? Perhaps. But a look at the declining volume on the DJIA makes me lean a bit more towards a sell off building towards the much anticipated Greenspan/FOMC announcement on Wednesday. While players are by now nearly uniformly sure that "no change" will be announced, how the market will react, short term and longer term, is not so sure.I speak specifically about the Nasdaq narrow range on the Nasblog, where I also expand a bit on the larger trend.
|
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
blather: nonsensical talk.
At times my analysis log, at times sharing what I've learned. Always my own work and views.
Content: amg
Basis: glish & bluerobot
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