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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

Tuesday, 26 July 2011

Interesting charts from Ron Walker. Ron believes a BPI reading below 50 will signal a bear market,70 is warning level/overbought.The gap up in the Vix today is a warning.The Russell gapped down and made a lower low,which may also be a warning as it is higher beta and sometimes leads.The Renko chart on the Summation Index has turned down.

http://thechartpatterntrader.com/




 

 











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