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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, 21 January 2012

just looking at the NYSE weekly chart and we are 37 weeks from the high (36 is a Gann number) The decline was 22 weeks and the rally has been 15  (close enough to be a fib retracement/relationship ?) We need next week's candle to be a reversal and close below last week's low to trigger a sell signal.We haven't  taken out the October high (non-confirmation of the S&P and Dow) Fib resistance 7838
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