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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


Sunday 3 July 2011

TEM

the triple top setup is under threat...the Gann rule is fast moves come off triples but if the market turns back for a 4th attempt it usually works.I would rather buy this than the S&P but am cautious given the looming slowdown in China.Longer-term though emerging markets will outperform and western investors will continue to shift weightings toward these markets (see Robin Griffiths interview eg).

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