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
Sunday, 1 December 2013
The lower channel line is a bit arbitrary nevertheless key point is more downside likely for euro - m.a.'s in bear formation,broken DT (green arrow gives price projection) Red square marks intersection of 6 month ,50% time balancing point with lower channel. I havent worked out the fib supports