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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


Wednesday 14 July 2010

Markets have enjoyed strong rallies and unwound the oversold conditions,but volume has been poor,suggesting the rallies are unsustainable.The first peak marked 1 was on July 17 2007,lets see if the 3 year cycle can mark a peak.Interestingly we are around 3600 pts below that high so there may be a Gann square operative.Note 3 consecutive lower lows on monthly chart.

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