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
Wednesday, 6 August 2014
I have support at 9055 which is 7/8 retracement so we COULD bounce here (look at the RSI) but it is not a foregone conclusion and you could argue it is a 4th attempt.On balance I favour a bounce but I do expect this line to break at some stage soon ..............