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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

Monday, 24 October 2011

61.8% Retracement

Well hard to understand what is driving the market given the poor news from Europe over the weekend.A strong day but of interest that we tagged the 618 fib retracement today for both the Dow and S&P...here is Columbia's chart of the S&P.I would anticipate a reversal from here but best to wait for confirmation.

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