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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, 16 March 2011

Cocoa

I am unsure about cocoa...obviously the bearish view last year didn't work out and we are still making higher lows on the weekly...here is a short term setup.Coffee had a weekly reversal ...shooting star candle

 

 stop press lol after posting this just found an old chart with 60 and 120 week cycles on it...suggests the recent high may be significant


 

 here is the square 



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