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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 November 2012

Im not predicting this or even suggesting a high probability but there is a certain symmetry that doesn't preclude it .Certainly worth watching were a panic to develop.


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2 comments:

  1. Trading Sunset4 November 2012 at 19:16

    The 5300/200 level certainly would be the primary target level across the next few months.

    I don't think your target is too bold at all.
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    As I noted at the weekend though, <5000, seems near impossible in the near term.

    Bears need to whack the indexes lower, bounce, and put in that critical first lower high - to be seen on the bigger weekly/monthly charts.

    ReplyDelete
  2. Chartrambler4 November 2012 at 21:31

    Its now or never...

    ReplyDelete

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