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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, 12 November 2011

Cocoa

I posted the continuing bearish setup on cocoa a couple of weeks ago.Looks like break from a bear flag below a neckline.Note the 6 month cycle from the high to the high where the selloff started.Will be interesting to watch support at 2500 as Elliott wavers might see this as a 5 th wave of a WXY movement ?

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