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Sunday, June 15, 2003

Opening comments for week of 20 Jun 03

amg's charts Looking for 953 on SPX, with confirming indications on daily & weekly: SPX RSI neg divergence, fork/prior hi/MM supt confluence, existing negative divergence CMF on daily (but still strong on weekly. The spike touch of the primary daily green fork looks to be playing itself out. (Daily chart below)

This is Options Expiration week, so narrowing volatility will make for some drama. Still favoring a complex topping, not an avalanche correction.





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

About

blather: nonsensical talk.

At times my analysis log, at times sharing what I've learned. Always my own work and views.

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Content: amg
Basis: glish & bluerobot
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