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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, 9 December 2011

Lots of bearish engulfing candles today !

Crude,gold,aud,s&p....feels like an important pivot though obviously all stops will be pulled out by the PTB

Here is FTSE chart with 3 dma displaced 1 day forward.Gives quite good signals.I still think we could have a 1,2  i,ii wave count here (see earlier post) The Fib retracemnt levels around 5600 have been rejected again,which encourages me.The recent highs are near so stop-losses can be fairly close and risk reward is good IF a 3rd wave is starting,(targetting 4500 area)


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