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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

Friday 26 August 2011

SPY

Yesterday was a bearish reversal,almost an engulfing candle but not quite.All eyes on JacksonHole today for Mr Bernanke's speech.Will he disappoint the QE3 awaiters and will we see a dollar rally and commodity and stock selloff ? A lower low today would be a sell signal I think but it could be a volatile session


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