Thursday, June 24, 2010

Battle Lines are Drawn.

Something to Contemplate



I felt my first earthquake today (5.5). It struck me as an omen of things to come. The 21 day ema and 200 day ema are together @ 1100 and the 55 day @ 1119 repelled prices at Monday's abrupt reversal
The battle lines are drawn--the market action over the next week promises to be fascinating--after that, the real non-linearity begins in earnest. Whatever way this price compression is resolved, it will be sensational and compete in the media for top billing amongst all the other fiascoes popping up. The boundaries of the concept of 'the wall of worry' will soon be tested.
Ever get the feeling that the Earth is beginning to spin really fast?

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