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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


Thursday 10 November 2011

Watch out below ?

This is a chart that has been working pretty well for me even though I do not put too much store in Elliott wave as it is quite subjective and/or I am not that good at it ! Nevertheless,looks bearish - we are starting a 3 or C ? either of which is pretty bearish at least in the short-term.

The Gann cycle charts I posted over the weekend have been "primed" by today's reversal and investors should be very cautious imho


 This guy is a regular Elliott wave counter that I have been following on the comments section of Daneric's board...he has a pretty uncompromising bearish view of the markets at the moment that fits with much of what I see...I give you Mr T-Bone


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