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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, 15 January 2011

Amazon rising wedge,1/8 retracement chart

Sometimes,if you think a top may be near it can be helpful to draw in a range chart with 1/8 retracements.If there are lots of "touches"( as here ,marked by arrows ),particularly on the 50% line it can offer a clue that you are on the right track.

 





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