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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, 4 June 2011

SPY

An important week,with a backtest of the broken wedge and Gann resistance level of 2 times the low.We now have a lower high on this resistance level and the 21 and 34 dema's are in bear mode.Lots of cycles kicking in later this month,as shown in previous posts,so a setup for a fast decline is in play

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