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

Tuesday, 1 January 2013



  1. stockyard262 here;
    happy new year and thanks for your efforts...i don't see many posters but i hope you continue your blog cause i follow your charts regularly. looks like you expecting ugly jan. as am i at least first half..maybe more. thanks again

    1. Thanks. Yes today's rally is disconcerting but extreme volatility was always a high possibility given the "Cliff debate".The Fed is still pumping so i am really cautious but I still read the US charts as "toppy" and suspect 2013 will not be a good year for earnings.I will feel more comfortable when i get a sell signal on the Dax, Happy new Year !