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
Monday, 4 February 2013
Nice shooting star candle on SPY today.Iam taking this as a signal based on 240 degrees/240 points from 1266 low.Invalidation if it closes above today's high.
Interestingly,on DIA the shooting star signal came last Thursday.
The Dax took out 3 week lows,so a stronger signal ? We also got our sell signal on Dax from 3 and 10 dema cross,this hasn't happened on Spy
I hath found through many trials and forbearance that the chief virtues required of a man who is to be successful in speculation art patience,temperance,a strong condition,mental fortitude and a stout pair of gaskins (Sir Thomas Rambler 1624)