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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, 27 April 2010

Ftse250



I got bearish on this far too early,given the poor economic outlook for the UK economy economy I expected the rally to fail around 50 to 61.8% of the previous range .However now we have reached 78.6%,the deviation from the 200 dma looks extreme and there is resistance from the midpoint of the Andrew's pitchfork.

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