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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

I quite like this....the Gann lines based on calendar days and fibonacci increments of 261 and 161 suggesting possible support at 1260.I had been looking at 1421- 144,ie 1298 but the market seemed to have momentum into the close and closing below the 200dma may trigger early selling on Monday. Of course1260 is 1440-180.


2 comments:

  1. The 61.8% retrace of the move (the failure level for the longs on the daily chart for anyone taking a long entry down here).

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  2. yes it looks good...whether or not it gets there....we shall see soon

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