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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


Monday 24 March 2014

breaking out of bullish wedge ?


3 comments:

  1. I hope so - hoping to go short via SPXU tomorrow at some point. What do think about a possible head and shoulders top in process on the 60min SPX? Maybe some relief on oversold conditions and then downward?

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  2. Hi there.Iwas looking at the hourly yesterday,this was what I came up with. Possible we break the downward expanding channel and retest the broader channel line ?

    http://2.bp.blogspot.com/-YreBGkqiJGE/UzFjybQzVoI/AAAAAAAAt1A/TSlYu_mBnE0/s1600/spx.png

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  3. Nice! That looks like it worked out well and the broader channel line held...the trader's almanac has a few days down coming up; hopefully history repeats this week. thanks for the chart -

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