:: actio-et-reactio ::
amg's market charts and blather
The working vacation, ha!
Question du jour is "Pullback or Correction?"
As well as being quite overbot on a daily basis, price on the major indices is within some rather timid (small) bullish bisects. And being on the cusp of the Median Line and reversing, the likelihood of reaching the upper fork line is diminished.
There is great anxiety to keep the market bouyant. Also, in concert with the slo-mo slide, the best I can see for bull or bear is more chop until the greater forces are better prepared for the next assault. For amg, the next significant move is still biased towards a major correction based on monthly bearish MAs. As always, please use the link on the right to view the latest charts at stockcharts.com.
Good Luck and Good Trading!
|
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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