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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

Wednesday, 22 February 2012

Russell and Trannies leading ?

The Dow Jones Transports and Russell seem to be showing weakness and the NYSE has backtested the neckline of a possible Head and Shoulders pattern.The Complete Coverage Report  had some good observations and charts on this.   http://thecompletecoveragereport.blogspot.com/2012/02/tell-all.html

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2 comments:

  1. Albertarocks23 February 2012 at 01:03

    I think you're right partner. From where I sit the Aussie dollar issued a sell signal today (sell equities). I've got a whole raft of currency charts going on one post, so check 'em out when you've got time.

    All the best bud. Don't let your meat loaf.

    ReplyDelete
  2. Chartrambler23 February 2012 at 10:35

    Wow...those are nice charts Mr Rocks ! I think my Gdx chart may be giving a headsup too.

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