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

Wednesday, 10 November 2010

Reversal day ?

Yesterday saw reversals in several markets including ,stocks,gold,silver and another strong day in the dollar.Also a Chinese agency downgraded US bonds.Watching the 90 day and various Gann setups to see if this is significant,and especially the double top,false break setups.Bullish sentiment has been very high and many bearish elliott wave counts have been revised for further upside,so the environment is ripe for reversal.Credit spreads in the weaker european economies have also been rising.

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