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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, 18 September 2011

FTSE

This count would call for a violent 3rd wave starting soon

 
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2 comments:

  1. Anonymous19 September 2011 at 22:07

    What with so many people selling the hole and so many attempts to drive things lower and all, it's going to be interesting to see how this resolves.

    The big short setup is indeed bigger, but that isn't always enough.

    http://img98.imageshack.us/img98/8035/ftse190911.jpg

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  2. Chartrambler19 September 2011 at 23:50

    I am not big on EW and no doubt this count will be wrong...I just think the TA looks bearish...6 months of distribution,below the 50dma,which is below the 200dma...and global growth backdrop worsening...so the bull case hangs on more QE ?

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