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

Friday 11 April 2014

US indices

chart from Daneric

TA often seems complicated (and Elliott wave and  Gann can be classic offenders ) yet what is a chart essentially but an attempt to identify trend (or lack of trend) and what is trend but higher lows and highs or,as here,lower highs and lows ,which seem to be emerging on these admittedly short term charts

We can see here that the Russell and Nasdaq seem to be leading the other markets....bulls will say this is "just rotation"

channel target for the Dow chart


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