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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 18 September 2012

short-term bounce possible from support from old highs ? Long-term chart shows huge trendline resistance in 5900-6000 area.

Note also the rising wedge on the hourly CAC chart,with price almost at the 3600 level mentioned a couple of weeks ago


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2 comments:

  1. Anonymous18 September 2012 at 12:14

    "Incredibly important morning going forward for our indices." - Dave Halsey from this morning's video.

    Big day shaping up. Shakeout, or trend reversal in progress? I've posted a couple of primers starting here (http://highrevsopenhouse.blogspot.com/2012/09/a-very-disturbing-price-pattern.html#comment-653510639 ), with the link to Halsey's morning video.

    ReplyDelete
  2. Chartrambler18 September 2012 at 14:31

    thanks HR,will check it out.A leaning to another push higher ,maybe a top later in the week but European counts a little ambiguous here

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