:: actio-et-reactio ::
amg's market charts and blather
Added a number of S&P Small Cap Index ($SML) charts to the mix. This index trades as IJR, with its Value components trading as IJS and the Growth components as IJT. I featured these in a study last December, when topping action was indicating a correction. They did pull back 7.11% in January and February and got a second wind Feb 22, since when they have gained 36.4%.
The daily chart shows price approaching the heavy blue Upper Median Line. That Andrews derives from the 1/95 inception point of 92.44 (which you can see on the weekly chart). Also on the Daily chart is a light grey Andrews using recent hi/lo pivots, which is much more aggressively bullish. Finally, I indicate the 1.38 and 1.5 Fibonacci extensions of the Sept/Jan rally, at 261.86 and 268.99 respectively.
Just recording observations at this point as it is a bit too early to tell if 258.23 is a High or a high on the way to more highs.
|
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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