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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

Sunday, 4 March 2012

It is possible a sharp correction could take this form (matching wave) and find support at the 10x2


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2 comments:

  1. Trading Sunset4 March 2012 at 01:07

    Yeah, that'd seem right. That'd be somewhere around sp'1260 equvilent I believe.

    Worse case for bears, thats 'all' we get, it lures them all in, and then WHACK! Off we go up again once we move into April/May.

    Of course, best csae, maybe we hit that level, minor 3-5% bounce, before forming a lower high.

    Interesting week ahead!

    --
    *ps. thanks for adding my little blog to your regular list.

    I've been following your blog for almost 2 years now, hope I can add something to the wider community in the coming months.

    good wishes

    ReplyDelete
  2. Chartrambler4 March 2012 at 21:41

    Yep TA nowadays seems increasingly to be about second-guessing the CB's and what they are going to do next to prevent a correction.The video on silver was a real eye-opener for me.Even the bears now are only expecting small pullbacks.Depressing but it is what it is.
    Good luck with the blog,nice charts and happy to link it .

    ReplyDelete

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