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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

Wednesday 31 August 2011

FTSE

Quick thoughts on FTSE.I am not around much today to update charts etc but with FTSE at 5325 just wanted to say it is looking like C of ABC correction (or E of triangle or whatever it is) may be ending and the next leg down might be upon us soon.September seasonality is usually poor.A decent reversal day today (or tomorrow,)would be an important trigger I think.Much of the oversold nature has been unwound and we should retest the lows at least.Today is the 8th trading day from the low

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