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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


Thursday, 14 October 2010

Wednesday

Yesterday the Vix closed up,not confirming the move down in the stockmarket.The previous day it had broken down below its lower bollinger band.It still remains within a potentially very bullish declining wedge,suggesting a big move may be coming.Financials are not confirming the strength in the broader indices,another big warning sign.Some indices broke above their upper bollinger band,also flagging a potential reversal

Vix chart from  http://principleanalysis.blogspot.com


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