.

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
.


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 25 September 2010

No cigar for the bears

This is the chart I posted yesterday.The bearish weekly candle did not materialise as Friday saw a strong rally,so another disappointment for the bears.Weak volume calls into question the bullish inverse head and shoulders breakout the bulls are claiming and it does look as if fund managers may be chasing performance for quarter end (eg see Apple chart) so this could end badly but the onus is still on the bears  to step up.




No comments:

Post a Comment