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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


Monday 30 April 2012

Cycles I am watching

The key cycle I am watching at the moment is  the 1 year from last May highs (the Osama bin Laden/Royal Wedding top !)  You can see this in many markets,whether cable or the Dow.Late October also gave a high ...this is 6 months (last week April-1st week May)so it is a reason to think that 12 months may also work.In addition the recent high in stock markets was 4 and 6 months off  lows and now we are testing that high so a failure on the 1 year cycle would be significant.Cycles are cycles and mean nothing unless price confirms.Ideally a big fat reversal candle this week.

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