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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 1 October 2011

IHG

I like this stock because it charts well (a combination of Gann and Elliott techniques nailed the top) and is a global play. I have not attempted to label the waves but it looks like a 1,2 1,2  combo of some sort and some kind of big 3rd wave coming.Just as 1440 Gann level (4x360) was important at the top,1080 (3x360) looks like it may have stopped the current rally,in which case we shall be watching 900 and 720.

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