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

Saturday, 8 November 2014


Here is the possible megaphone pattern referenced in the last post.We would need to break the false breakout line and the 8 dema as a first sign that the market might be reversing

the 8 dema "trigger line" is Steve Bigalow's system for trade entry


  1. i didnt know megaphone patterns were a "thing." how reliable are these formations? At first glance it seems easy to tell that the megaphone shows increasing market volatility thus increasing risk of a correction, but what does history say?

  2. They are quite rare. Broadenin top pattern may have been better description,maybe theyre the same ...
    I suggest you look up both in Thomas Bulkowski's site.He rates patterns according to frequency and reliablity
    For me the FB line and 9dema setup will take precedence,the rest is just observation