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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 30 July 2011

S&P

I've tried to show how the cycles from the Gann emblem might fit in with retracements and channels.Not making any forecasts about where price will terminate the cycle ie future dates are not price forecasts but time forecasts






The 10,20 and 50 dema alignment looks very bearish.Short-term a bounce looks possible off the 3 month cycle,the 200 dma and 1270-80 support.The triple top in a LH position has crash potential so bounce is for selling !

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