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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

Monday, 10 October 2011

FTSE/Dow

Hard to know how to read the US indices after today's move but the Ftse still looks like a clear trading range unless 5445 taken out on a close



here is an attempt to corral the Dow into a pattern...I confess I was not expecting this move up on the Dow today. Both markets look overbought on RSI but RSI can remain embedded if a new upterend has started.


Posted by at

2 comments:

  1. Cobra11 October 2011 at 14:29

    Hi, I'm Cobra from Cobra's Market View. Could you please update my link? I'm now at www.cobrasmarketview.com, I've added you into my new site, hopefully I could get your updated link here in return. Thanks. :-)

    ReplyDelete
  2. Chartrambler11 October 2011 at 22:23

    Hi Cobra...no problem.My link is the same.Thanks and GL with the new site !

    ReplyDelete

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