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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, 18 September 2010

Ftse

Ftse made a big shooting star reversal candle on Friday and an inverted hammer on the weekly.The rally from the lows was nearly equal to the decline from the high (54cd/55cd) "balancing "time, and September is 90 months from the 2003 low.Next week is the vernal equinox,one of Gann's "natural" time seasonal dates,so a lot of factors are in place to suggest this may have been an important high.If markets peaked in April this would be our first lower high,Gann's safest place to sell.
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