:: actio-et-reactio ::
amg's market charts and blather
My daily chart highlights the 'overbot' RSI in green, not red, not yellow.
RSI is not a 'pure' oscillator. It forms channels, which I've shown before, and can stay over/under BOT for extended periods. There is little to say it won't stay overbot 'this time', at least for a few days.
Mind you, a pullback isn't out of the question. There is a new lower trendline (lime green now at 930). I've favored a complex topping, but even this scenario may not result in an avalanche correction, esp. with layers of support now having been constructed. It may become simply a traders market, at least through the summer.
|
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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