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
Saturday, 15 May 2010
Break of 3 fanlines,and 21ema crossed below 34 ema (see post of 12/05) strongly suggest the trend has changed.We now have a lower high on the charts,Gann's "safest place to sell".Definitely a time for caution and capital preservation given the state of the long-term charts and the disturbing parallels with the 1930s (Creditanstalt/Sovereign debt parallel)
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