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

Intelligent, polite feedback welcome !

Friday, 9 November 2012

Dax future

The TAS sell signal was triggered on Wednesday (we corrected 4 days,rallied 9 with no new high and reversed on day10) This is a  Bill McLarens etup.We also had the common 7 day exhaustion pattern I mentioned in a previous post. 3 different Gann measurements provided in advance afforded resistance for the triple top reversal pattern.( Chart not updated for today's action yet)

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