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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

Sunday, 29 January 2012

UUP

another interesting chart from Gann360

 
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1 comment:

  1. Anonymous30 January 2012 at 10:25

    HELLO AGAIN;

    I LOOKED AT YOUR CHARTS THAT YOU HAVE POSTED . THE EUROSTOXX , IS VERY CLEARLY INTO A VERY BEARISH POSITION CHART WISE. IT APPEAR THAT IT WILL BREAK DOWN POSSIBLY WITHIN DAYS AND MOVE MUCH LOWER .

    THE UUP ETF IS , AS IS THE $USD , I BELIEVE ABOUT READY TO BREAK OUT TO THE UP SIDE AND I THINK THAT THE 87 -88 AREA ON THE $USD , IS ATTAINABLE . I AM NOT SO SURE ABOUT THE SPX . AS IT IS POSSIBLE THE CORRECTION MIGHT BE OF SHORT DURATION. IF EUROPEAN PROBLEMS BECOME VIEWED AS BEING GREATER THAN WAS IS THOUGHT OF NOW, THEN IT'S POSSIBLE MONEY WILL FLOW IN THE $USD AND THE SPX , MAKING ANY CORRECTION OF SHORT PERIOD OF TIME. IF THAT MONEY DOES NOT FLOW , THEN IT'S POSSIBLE TO SEE 1200 OR LOWER ON THE DAILY TRADED SPX.

    THANKS FOR YOUR CHARTS AND VERY WELL THOUGHT OUT T.A. ON THEM . D-KNOX.

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