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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


Friday 14 September 2012

Spx 2 six month cycles

5 comments:

  1. Kinda tempting to like that sort of chart....

    but the Bernanke is spending, and that free money is going someplace..and it'd have to be the equity market.

    Nasty market could just keep on going.

    Upper trend on the monthly charts..sp'1600 by year end.

    Even if we top end Sept. a pullback to what...1350 ? Even that doesn't wreck the general up trend.

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  2. I'm a cycles guy and while I respect your logic I'm thinking that Bernanke doesn't control everything that affects the equity markets.I suspect Europe will provide the catalyst for the selloff but it could be a myriad of things.It doesnt have to be a crash btw :-)

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  3. BTW we got a shooting star on the Dax at Gann 50% from the low (7443) so maybe we get some weakness next week.It was a 7 day exhaustion pattern too.

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  4. Hey CR--this was obviously a different approach than you identifed above, but it could align quite nicely.
    http://rationalinsolvency.com/2012/08/spx081612lc.png

    Enjoying your charts as always!

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  5. Thanks Zim. Nice chart. Jeff Greenblatt has October as very important .From Gann perspective Oct 4 is 1 year from the low too

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