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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

Saturday, 18 June 2011

Coffee correction resumes

the next leg down ,C of a correction or 3 of new downtrend,has started  with the break below 2 previous swing lows.If you check back on the previous posts you can see we nailed the top on this one using a variety of techniques,including the Gann square of 144




 


 there may be a warning for the bears from the weekly Gann fan chart but on balance I favour more downside,with stop above Friday's high

 

 

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