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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, 7 January 2011

Ftse reversal yesterday

 Ftse looks cleaner than s&p ...I have drawn a Gann square based on yesterdays high,but obviously jumping the gun a bit ...a lower low today (and weekly hammer) would be good.I think miners will take ftse lower.Nice 5 waves,nice 6 m cycle,nice gann numerology (4800-6000)....lets see.
Squares just show how all trendlines and retracements (price and time) are geometrically derived....Michael Jenkins is great on this 

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