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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

Wednesday, 29 September 2010

S&P

The market feels like it is very close to a top but keeps levitating on Fed POMO injections and hopes of further QE.1158 is a possible target if  it breaks 1150.

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2 comments:

  1. Anonymous29 September 2010 at 23:37

    your charts are great, but I really despise the fact that you analysts must put arrows to show an anticipated direction...when you really have no clue in this casino game.

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  2. Chartrambler30 September 2010 at 10:27

    To be fair I don't put arrows on my charts that often and usually I add a question mark - I forgot the question mark in this case !I think we turn down hard and soon...but I have been wrong before,Hopefully technical analysis can help us delineate the decision levels so we know when we are wrong.Glad you like the charts.

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