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

Tuesday, 20 April 2010

Put/call chart

Here we can see the sell signal from the put/call ratio chart.On the index itself there is an evening doji star reversal pattern that would be confirmed by a close below Friday's low.Markets are very volatile and it is just possible that we push slightly higher to the fibonnaci (0.618%) retracement at 1228,although momentum does not support this.
(chart from Ron Walker at chartpatterntrader.com)

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