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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 3 June 2012

DOW


4 comments:

  1. That chart is a thing of beauty!

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  2. Thanks Pebble I was just trying to play around with the 6 month and 3 month cycle concept.Its confused me though because I was in the bounce camp but that chart looks pretty bad,as does the square of 144 one I posted a little earlier

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  3. Have just found your blog and really impressed with your GANN charts like this one and one from May09 and Apr20. So do you think we will down to end of June like chart indicates?

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  4. Thanks tigerjim.Yesterdays move was very strong (volume,breadth and % move) so one has to assume it was important and the markets will rally from here.I am assuming it will be bear market rally .I had been looking for a little lower.The end of June is important to watch for some kind of reversal as it is a 50 % time retracement and a 3 month cycle from the high.It could even be a high.Hard to say at the moment.

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