.

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, 28 March 2010

s&p 10 year high to high cycle ?


Am annoyed I have only just spotted this,especially as I was aware of the 10 year cycle on the Nasdaq.This makes earlier speculation of a possible 7 week "death zone" rally even more intriguing (ie we could be exhausting into a longer term cycle) This is only speculation,the trend is up, but any reversal on the weekly chart would have greater significance and could be acted on with a stop above the high. We have negative divergence on the RSI,a possible 5th wave,signs of life in the Vix and breadth indicators starting to roll over (eg MacClellan oscillator)

No comments:

Post a Comment