This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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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, 10 June 2012
SPX
the 10 and 20 week mvg aves have only just crossed.We had a bullish engulfing candle last week,finding support off the 40 week ma (not shown) and the lower pitchfork line.A small bounce seems possible but I anticipate a break of the pitchfork line quite soon and a sharp downside move.
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