This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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
Friday, 4 January 2013
Pattern looks like a huge head and shoulders but there is a potential convergence of support here from the 5/8 retracement ,the 1x1 bull angle and 120 degree Gann cycle from the high.Effectively we are looking for a reversal here to buy. I haven't shown macd but there is bullish divergence