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

Wednesday, 2 January 2013

was that it or is there more ?  Looks "right shoulderish" to me but dangerous to jump the gun. Watch the 78.6 % retracement level,13407.

edit , post close - Obviously not :-)


  1. Looks like inverse H&S was verified today.

  2. Yes I saw that interpretation elsewhere http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=10&dy=15&id=p96750386774&a=242964751&r=1357175928766&cmd=print
    (chart by Coolbizone) Todays action was crazy and I am going to wait for the dust to clear.I can't see how bullishness is justified here on fundamentals.Dax is still the key chart for me to monitor