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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

Sunday, 1 September 2013

Ftse

bear flag ?




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1 comment:

  1. Anonymous1 September 2013 at 12:54

    Good coverage of the DAX 4 tops!

    I also like your possible road map for SPY.

    And the above on the FTSE? I like your thinking, the downside potential is there, but if we get an upside break on that symmetrical triangle/flag, I'd think twice before staying short. From an Elliott Wave point of view, a 3 wave corrective may be more than done (coming after a 5 wave impulse off the June lows).

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