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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, 27 October 2012

Ftse swing chart

The swing chart shows a lower high. Both the last two swing tops are below the March high and failed to stay above the August high.Next indication for a trend change would be a close below 5738,the September low
 If we bounce early next week we should find resistance in the 50-61.8% retracement zone 5840-5861.The August swing top at 5876 is also resistance

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