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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, 3 June 2012

DOW


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4 comments:

  1. pebblewriter3 June 2012 at 02:04

    That chart is a thing of beauty!

    ReplyDelete
  2. Chartrambler3 June 2012 at 11:04

    Thanks Pebble I was just trying to play around with the 6 month and 3 month cycle concept.Its confused me though because I was in the bounce camp but that chart looks pretty bad,as does the square of 144 one I posted a little earlier

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  3. tigerjim5 June 2012 at 16:32

    Have just found your blog and really impressed with your GANN charts like this one and one from May09 and Apr20. So do you think we will down to end of June like chart indicates?

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  4. Chartrambler7 June 2012 at 13:49

    Thanks tigerjim.Yesterdays move was very strong (volume,breadth and % move) so one has to assume it was important and the markets will rally from here.I am assuming it will be bear market rally .I had been looking for a little lower.The end of June is important to watch for some kind of reversal as it is a 50 % time retracement and a 3 month cycle from the high.It could even be a high.Hard to say at the moment.

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