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, 4 December 2010
S&P
Tagging the 1x1 line and the resistance line from previous highs.On the bottom chart the 1x1 from the July 2009 low squares price on Thursday and its a 360 point range in 360 days(at 1229).The last move up is a little over 180 points in 90 calendar days,plus there is the 90 week cycle from the low,fibonacci price resistance at 1228 and resistance from the April high clustered closely together.Plus 1225 is the square of 35.
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