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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

Tuesday, 4 September 2012

Ftse

Although the weekly evening star pattern is bearish bears need to be a bit careful here.Maybe a "Draghi bounce " from support here ?


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4 comments:

  1. Anonymous4 September 2012 at 18:03

    Fugly day today. Second backtest of the upper triangle boundary / IH&S neckline? Right down to and bounced off the 200dma. Uptrend trendline still technically intact. But there is NOTHING at all on the momentum technicals that I like other than a minor bullish divergence on the oversold Stochs, and that ain't near enough to get me goin'. On the other hand, late trend continuation buys often happen on spikes lower with little or no help from the technicals - high risk stuff.

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  2. Chartrambler4 September 2012 at 18:29

    Im pissed,I shorted FTSE at the close last night and covered this morning.Its really hard to get the rhythm of this market.

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  3. Anonymous5 September 2012 at 08:28

    Nice article here http://solarcycles.net/2012/09/04/final-quarter-2012/ mentioning the "confusion in assets, indicators and analyst calls". He's mentioned this various times in the recent past, mostly with regards to sentiment readings, but also with other indicators. In so far as the analysts go, the 11% of hedge funds exceeding the SP500 return speaks for itself and is well known. Tough markets to trade translate into reduced risk.

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  4. Chartrambler5 September 2012 at 12:03

    Interesting,thanks High Rev

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