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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

Saturday, 26 June 2010

Oil sector

I checked out this chart because Motley Fool are recommending it following price weakness.From a technical point of view this chart has nothing to recommend it.The triple top pattern occurring beneath the 50% retracement is an indication of a weak chart and there is a death cross of the 10 and 40 week moving averages.
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