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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, 18 June 2011

Ftse250 sell signal triggered

We broke the moving average and got the anticipated sell signal.There is also a potential evening star reversal pattern  forming .It is possible that by the eom the market closes above the moving average so other time scales might be looked at for confirmation (or you could wait till eom) The daily chart seems to confirm the reversal though


 



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