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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, 17 November 2010

Bullseye !

Looks like the Gann square may have nailed this one ! Better not speak too soon but looking promising for bears at last,especially with the big confirming move in the Vix
 

 

  

 
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2 comments:

  1. Attitude92817 November 2010 at 02:10

    Does the Gann Square give you a downside target?

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  2. Chartrambler17 November 2010 at 10:11

    Not really.Best guess is the 50%-62.5% retracement of the square,both time and price,but all divisions need to be considered.You need to be alert if price gets to say 45 days and 900 points down on the same day and see if support comes in.Watch the angles to determine strength or weakness within the new square

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