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
Friday, 30 May 2014
will we get a breakout to run the stops and reverse ? The huge TAS pattern on Ftse tells us the market is weak,which reduces the likelihood of a runaway move to the upside,so this is my preferred scenario.We also have the potency of 6920 Gann resistance level to contend with (2 x 2009 low)