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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


Thursday, 5 January 2012

Dow

The Dow is the strongest of the US markets so a sell signal here would be significant.this is the hourly chart.The moving averages have converged and look ready to cross.We will get a sell signal if they cross and the Dow moves below the congestion zone



here is a reminder of some of the important cycles that are converging here (chart is a few days old)






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