Feb

21

Ranges, from James Sogi

February 21, 2007 |

The market has days when it consolidates, then breaks out of the range to a new level, like the discussion of bird nests. Counting the last three months by hand shows a count of the number of days to build a bird's nest. 7+5+5+5+3+6+6=37 /7 ~ 5.

The average is around 5 days, after which time the chicks fly off. Today is the fourth bird nest building day. The boughs seem to have bent but not broken. Three times have been breakdowns, 4 times have been up. It's the same idea as the room cleaners in the big hotel. Clean rooms, move to the next floor.


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