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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

Tuesday, 6 March 2012

ARM

The breakout scenario I posted some time ago was based on a close above 625, which hasn't occurred.The chart looks to be in danger of breaking down.

Posted by at

3 comments:

  1. Chartrambler6 March 2012 at 03:26

    Love it...long term six year accumulation base after falling off a cliff and then the mark up. Notice the false start in 2007 and then the washout of weak hands right before the mark up. And...from the base, the theory of a minimum of a 200% rise held along with never sell the first break as the bigger pull is yet to come. In this case 600% and yes $6.25. These are how one truly gets rich if only for patience and then trade like a friggen speculator on the break out of the base. (CropCircles comment)

    ReplyDelete
  2. Zim6 March 2012 at 03:46

    Hey CR,

    I've been mulling over how I might present the following:
    http://rationalinsolvency.com/2012/03/intc030512ew.png
    Gladly, I can just insert it here without having to venture into any FA!

    If ARM and INTC are the present day processor duopoly, these charts paint an interesting picture. Of course, there are plenty of possible interpretations...

    Thanks for all your charts man!

    ReplyDelete
  3. Chartrambler6 March 2012 at 14:46

    Hey Zim...looks pretty good as it is...swing chart with equal squares of time and price ..nice ! Looks like the market is getting interesting at last !

    ReplyDelete

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