Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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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

Intelligent, polite feedback welcome !
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Monday, 3 December 2012






chart from Ron Walker.

We got a bullish cross but the 200 dma is declining.To quote Dino from http://www.blyve.com/  chatroom

"This bullish cross will fail because the 50 is rushing to go up and meet 200 very bad sign. On the contrary on the bear cross both 50 and 200 are walking together like adam and eve and boom Adam finds Eva Langoria and bye bye EVE"

6 comments:

  1. The 50 was rushing up back in June too, and we know what happened next. ;-)

    Here's a good video to check out where the current similarities with last summer are mentioned (along with a couple of other things like the current SPX DeMark count, and more). Good video. I've added the site to my favorite blog list.

    http://ciovaccocapital.com/wordpress/index.php/technical-analysis/bullish-but-short-term-concerns-remain/

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  2. the current USD index is also telling us a lot. There are many bears out there, but take a look at the weekly chart of the USD => http://sentiment-trader.blogspot.com.au/2012/12/current-us-dollar-index.html

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    1. thanks I agree that chart is probably the bears' biggest worry

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  3. Hey there CR. Further to our little chat about Mark Carney, if you haven't read this recent piece you might enjoy it. I'm not kidding, there's a glimmer of hope with Carney running the BoE. I'm pretty sure his intention isn't to screw England at all. In fact his degree of prudence should go a long way toward at least stopping the bleeding. But with so much debt it's hard to see any of these big debtor nations getting out of trouble any time soon. But keep the faith... I can honestly say that other than the fact that Carney is an ex-Goldman guy, he's been a superb central banker, at least for Canada. The thing I like best about him is that he's not the slightest bit shy to tangle with Bernanke or that punk Dimon or anybody else, but in a very clever and classy style. I don't see why his mastery at the helm shouldn't end up being a good thing for England too.

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    Replies
    1. thanks AR interesting article,there may be some hope.Its also interesting that his wife doesn't fit the normal profile you would expect if he was a typical bankster

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