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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, 2 December 2010

FTSE

Bad day for the bears and hard to rationalise in terms of the fundamentals but barring a really bad day tomorrow we will be looking at a bullish inverted hammer on the weekly chart,and this coming after the very bearish monthly November candle...go figure.Red pitchfork in second chart does offer resistance and we are still below the April peak.However we are entering the silly season...strong seasonality and thinly traded markets that will be even easier for the Fed to manipulate.........


 

   

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