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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, 27 January 2012

US in worse state than Europe

Peter Schiff vid

 
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3 comments:

  1. Anonymous27 January 2012 at 14:04

    How does this compare with your own analysis on the SPX weekly?

    http://img836.imageshack.us/img836/2630/spxweeklylt270112pub.jpg

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  2. Chartrambler27 January 2012 at 14:46

    looks good HR...I will try and post a weekly later so you can compare.Numerator should be 1 or 10 though in classical analysis.However if you find a scale that "works" why not? eg Bryce Gilmore uses 0.618 pts per day sometimes .

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  3. Anonymous27 January 2012 at 18:39

    >>Numerator should be 1 or 10 though in classical analysis

    That's what I thought, but I got this by putting a 360 week timeline centered on the 2007 high and then divided the 910 point range by 360. And it generated some very good looking lines like the Aug. break of the 2x1 coming off the March 2009 lows (just one of many price action confirmation points). The 2.53 points per week is what is odd. Looking forward to seeing your post.

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