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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, 2 February 2011

S&P

A nice chart from aparttofny.com,highlighting the 0.707 % retracement on the S&P.This is a harmonic ratio.The strength in the market on Tuesday was not confirmed by a variety of indicators such as rsi and bullish percentage index.Vix still looks like its building a base.

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