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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, 24 July 2010

cocoa

Cocoa at last fell sharply under the bear setup we have been monotoring.Ironically this followed the supposedly bullish news that a London trader was trying to squeeze the market.


Under the ABC trade setup the 50% and 100% of previous range levels are potential targets and the various levels can be used for stop placement as the trade progresses.

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