Yesterday in my stockcharts.com comments I considered that if there were futher downside for the NDX, it could be short lived, with a rebound to the mid/upper Andrews on both the 60m and daily charts. Looking at todays charts, I'm far less sanguine. They sure look ugly for the short term with todays prices closing at the lows. At this point, expecting consolidation around the 50% retrace of recent rallies looks less likely. Well, tomorrow is another day!
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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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