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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

Sunday, 22 August 2010

s&p

Looks very similar to the 2007 top,with a 1,2,3 reversal and crossing of 13,21 and 55 sma's.Currently 13 week sma is below the 21 and 55 but 21 has not yet crossed the 55.Weekly trend has turned down with this weeks lower low,confirming the 1,2,3 high...fast moves come from triples !

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