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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, 13 July 2011

FTSE trendline should break soon

Quadruple tops should not exist in Gann theory...you should get a fast move off the 3 rd top and if the market does come back for a 4th attempt it nearly always works.This time we got a doji and fell short of 6100.I suspect market manipulation may be the reason but it matters not.The trendline support is weak as evidenced by the fact it was pierced at the last low.The 5 week ma is below the 13 ,which is below the 26 ie bearish alignment and the last high came in on  an important Gann cycle.I think we should get a breakdown soon but clearly the PTB do not want markets to fall so be on your guard

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