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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


Friday, 27 August 2010

Russell head and shoulders target ?

This index is finding support at the 50% mid-point of the major trading range,approximately 600.We could rally to 640 but it seems only a matter of time before the index breaks down.(see the earlier post with the ominously bearish quarterly candlestick pattern.) Risk/reward does not favour buyers !

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