:: actio-et-reactio ::
amg's market charts and blather
So much for "patriotic buying". I thought "the rally" might carry over today, but no such luck-- pockets were cleanly picked in today's gap-down open and late day sell-off.
The President's appearance at the UN served to abate some uncertainty, allaying for just a bit longer an "out of the blue" war event. Mr. Greenspan managed to mealy-mouth his way out of saying anything of import, although in an unrelated event the Feds did haul off Dennis "I bought a $6,000 shower curtain" Kozlowski.
That leaves Friday's potentially nasty economic reports for another mini-selloff ahead of next week's "Triple Witching" options expiration, typically yet another scheduled fleecing opportunity. This means a low tomorrow or Monday is likely to be bought so as to run 'em up in time to sell 'em again at the end of the week. Got that?
Note that the approach to the lower 20bar Bolly bands is quite close. archives: http://themysterybox.com/amg
|
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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