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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 1 June 2011

...well,the strong move yesterday blew the nice bear  setup out of the water....again...i was pretty convinced we needed to at least visit 7000 before this leg would finish but we have a gap up above the ema's,and a  possible island reversal.....really unusual price action so soon after the false break pattern but it is what is

Renewed weakness in the dollar (risk back on)  and eom buying were clearly features


 


 on the Nasdaq line chart we can see a possible backtest of broken support....




 Russell too










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