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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, 5 October 2011

BARC

Possible support off 144 with 5 bottoms and a completed 7 month cycle (Gann death zone ?)  I am by no means convinced that things are getting any better in Europe but maybe another kick-the-can-down-the road policy could spark a rally ? If trading long close stops definitely required and likely further weakness if these lows break..

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1 comment:

  1. Anonymous5 October 2011 at 23:05

    One thing's for sure, if a rally is really going to happen, it will dearly need the financials to play along.

    God knows they're oversold enough to a least bounce a bit.

    ReplyDelete

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