:: actio-et-reactio ::
amg's market charts and blather
What a week it has been! Loads of technical carnage, signalling at best a robust consolidation and at worst a shift towards an even stronger decline. I'll go with the later as there is evidence of sufficient oversoldness for a bounce, perhaps after the touch of 1096. We'll be watching it.
Do look at the last chart: Price Relative VIX, which I now include on the daily chart. It has proved one of the most interesting observations. Note too that small caps have remained bouyant, a sign of lack of real fear.
|
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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