This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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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, 11 September 2010
S&P...........200dma and 50% retracement resistance
Interesting that the 50% retracement and 200 dma coincide.A 3rd attempt to regain the 200 dma that fails would most likely be a sell signal.Volume on this rally has been very weak,suggesting it is not to be trusted.
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