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

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

Saturday, 15 December 2012

Dow weekly

We now have a reversal week to work with,so a tradeable setup against last week's high.As it is a "3rd pivot" it raises the chances of a decent move.The previous range was 13662 to 12472 (1190 pts)  and the high last week was 13329 so a measured move would be 12139.

This is from American Bulls,although I would have thought it a gravestone doji

1 comment:

  1. It is open to debate whether it's a shooting star, a gravestone doji, or simply a doji. The hard core technical interpretation would leave it at a shooting star, but it's close enough to a gravestone that it's perfectly acceptable to call it a gravestone shooting star.

    What it most certainly is not is a spinning top.