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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 25 December 2012

Ftse250

this is my preferred view,that we are finishing a 5th wave of the rising wedge but we need a reversal soon or the more bullish straightforward breakout option will gain credence



There is a Wolfe wave pattern on the daily chart,complete with negative divergence on macd between points 3 and 5.


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3 comments:

  1. Anonymous25 December 2012 at 10:04

    Yes, we might conclude that Europe is experiencing the rising wedge contagion.

    http://mediacdn.disqus.com/uploads/mediaembed/images/405/4414/original.jpg

    ReplyDelete
  2. Souljester25 December 2012 at 20:15

    Merry Christmas CR. RASI got to the 500ish level at the inflection point.

    http://scharts.co/UzVHrp

    ReplyDelete
  3. Chartrambler26 December 2012 at 09:54

    Thanks SJ and a belated Merry Christmas to you too !

    ReplyDelete

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