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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
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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


Tuesday, 22 December 2009

Microsoft



This is an interesting chart from a Gann perspective.There are 3 reasons to expect resistance at 30 - doubling the low of 15,50% off the high of 60 and the 50% retracement of these levels all coincide at 30,making it a very strong level to expect resistance and possibly a change in trend.The simple trendline reinforces the case for caution.Microsoft could be traded using the same principles as in the Apple video,using the $30 level as would apply to $ 200 for Apple. From a time perspective we are at a a 10 year cycle from the all-time high,making this a compelling situation.

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