This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
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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
Thursday, 4 October 2012
Unlike ,say ,the S&P the FTSE has a LH below the March high.This high is a "false -break" double top with negative divergence on the MACD. A medium term sell signal would be generated if we can break the 40 dma and second fanline.
On the weekly I would like to see a close below last weeks low
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