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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

Tuesday, 11 January 2011

S&P 10 year cycle

Here is the Gann 10 year cycle on the S&P.I fully expected April to be a mid-cycle high and whether the Fed POMO schedule managed to distort the cycle or not is a moot point.Nevertheless we are now approaching a 66% retracement in time and have reached 66% retracement in price so maybe that confluence will produce a high

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2 comments:

  1. Anonymous11 January 2011 at 23:03

    CR: mara here.....remember to log in to the link to the GANN webinar coming on thursday.....it seems worthwhile.......http://www.gannglobal.com/webinar/2011/01/11-invite.php

    ReplyDelete
  2. Chartrambler12 January 2011 at 10:35

    thanks Mara

    ReplyDelete

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