Saturday, 15 May 2010


Break of 3 fanlines,and 21ema crossed below 34 ema (see post of 12/05) strongly suggest the trend has changed.We now have a lower high on the charts,Gann's "safest place to sell".Definitely a time for caution and capital preservation given the state of the long-term charts and the disturbing parallels with the 1930s (Creditanstalt/Sovereign debt parallel)

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