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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, 12 August 2011

FRES

looks like its reversing on cue...

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1 comment:

  1. Anonymous12 August 2011 at 22:30

    It looks like the RUT IH&S has failed, but the NDX is still above its neckline. . .

    My channels on the U.S. indices mentioned last weekend held on a closing basis (after being pinned through).

    China isn’t looking so impressive anymore, but Europe may have put in a ST bottom with long legged hammers and dojis on the weekly charts, key IT support holding on a closing basis, and daily momentum buy signals also being generated (except for the DAX who’s on an incipient buy).

    http://chartramblings.blogspot.com/2011/08/blog-post_4611.html?showComment=1312712529488#c2019964882762815604

    Pretty mixed but with a lot of important technical damage done.

    Going on vacation. Have fun and see you again in September.

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