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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, 21 August 2012

Good day for the bears with nice reversal candles and unconfirmed (in different markets) new highs but I'm not hanging out the bunting yet given the degree of manipulation in these markets...Jackson Hole coming up and "optimism" about a sidelined Bundesbank should prevent bears getting too aggressive straightaway,I suspect.Nevertheless a good start. I would like to see a decent black candle taking out 5800 on the FTSE tomorrow.Also watching FTSE for daily MACD cross
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1 comment:

  1. Anonymous22 August 2012 at 12:14

    Going to be difficult to justify any more QE in light of recent market highs. If they do some kind of GDP targeting, I will have to back off the shorts, as it's code for "print to infinity". Ian F Lemming

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