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
Sunday, 26 June 2016
Ftse chart.....the 250 day ma which I highlighted previously is suggesting a strong downtrend,which will not be reversed quickly.The 5291 level highlighted on the chart is the 50% retracement of the rally from 3460 to 7122