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

Wednesday, 13 January 2010

Ftse time cycles

Ftse is up 44 weeks from the low which is one short of a 45 week cycle.45 weeks is also 0.618% of 73 which is the number of weeks from high to low (and approximately half the square of 144),so we have a 61.8% retracement in time combined with a 61.8% retracement of price. Monday's high was 5600 so we have also achieved a 61.8% quantum move from the 3460 low (3460x1.618=5498)

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