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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

Sunday, 28 October 2012

Ftse

The top chart is the Dec future.Not sure how to classify Friday's candle,a hanging man or a long-tailed spinning top ? Either way it seems there was some support at the lows and price closed near the highs.There is plenty of overhead resistance however and Tuesday's candle suggests aggressive sellers above.Also watch the battle with the 50 dma.Both the last runs up saw 7 day reversals,not a good sign





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