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

Sunday, 17 April 2016


Ftse broke through 6200 last week,which was a little surprising given all the previous failures,but that is what stops are for. We also sliced through the 6250 Murrey Math level . We are very close now to the 1 year anniversary of the top ,360 degrees in time. 6400 is standing out to me as the next major level and looking at some of the previous ranges for a countertrend rally 6420 also fits with this (chart below)
7122 - 1080 = 6402
5500 + 900 = 6400
The dates for the April 2015 top were April 17 and April 27.The "flash crash" top in 2010 was April 15

We are currently above 50% of the bear range at 6311 and below the 61.8% level at 6502

I would recommend Korelli's blog for further charts on the Ftse

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