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, 14 March 2015



"The banks
explode higher today after the stress test results with the exception of
one skunk at the garden party; Bank of America. The 50 MA drops under
the 200 MA creating a death cross pattern albeit by one penny. Seasoned
technicians do not pay much attention to golden crosses (50-day MA up
through 200-day MA) or death crosses since price typically reverses once
the cross occurs, although in the longer run for the weeks or couple
months forward price will typically obey the cross. The golden cross
occurs in October to signal bull times ahead and look at how price falls
like a stone, however, price recovers and does print a high to begin
the year. This is what typically happens"

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