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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

Saturday, 29 September 2012

BKX - Failure at end of yearly cycle

BKX ended the second square of 180,completing 360 degrees/18 point Gann harmonic with a 7 day  blow-off rally and rapid retreat back  below price resistance,leaving a Pinocchio bar,which is bearish price action



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1 comment:

  1. Anonymous29 September 2012 at 17:11

    Pondering some charts Fri night, and I got an unusual feeling we could have an imminent crash. At a minimum, looking for iii of 5 down in the decline off the recent top. ETX

    ReplyDelete

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