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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 26 June 2010

China

The fast selloff we were expecting from the triple top setup did not materialize.Instead we had 6 weeks of sideways action,then an upward break resulting in a bearish inverted hammer (or gravestone doji ?) this week,on news of the currency realignment.So we now have the potential to move lower from this 4th top.The whole pattern could conceivably be a 4th wave,but this does not seem a high probability count.

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