This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford
Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj
Tuesday, 18 May 2010
Another look at the FTSE
I have put 5,10 and 20 point per day Gann lines on the chart.Does not look to have much room to move to the upside.5400 (Gann 15x360) looks to be good resistance.As mentioned Ftse is ahead of other markets in the declining phase,Thursday's high being 20 days from the top.
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