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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 15 April 2012

this chart is looking good so far,with cycles working well,a bearish DI cross and price pressuring last year's high,threatening a false break pattern.This calls for a measured move to around 1275 by eom or early May


The putative wave count is also working well,but I wouldn't hang my hat on it :-)  Still the trendline break and ema cross are not to be ignored.As always with Elliott there are always alternative counts but this one will do for me,for now.




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