.

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
.


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, 28 August 2011

FRES

Mexican silver and gold play with UK listing..I had a nice Gann setup for a top (time and price conjunction) posted a few weeks ago but it blew through it and the weekly now looks v bullish.Flag may even be a MP consolidation.Shorter term can count 5 waves from 13 (fib!) to 21 (fib) and 50% retrace at 16.8 now critical support .Would be looking to buy confirmed lows above this level.Wll consider the bearish potential if we break below.On the quarterly candle chart there is only one lower low since listing !!

 



Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)