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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, 21 October 2012

Wolfe waves?

A couple of attempts at Wolfe waves.I have only just found out what Wolfe waves are so have no idea whether I have drawn them right ! If I have,the theory is that weshould decline to the extended 1-4 line,as I understand it. Here is a video link
http://www.youtube.com/watch?v=hfdRXHMZjEE
and a link to Bill Wolfe's site

http://billwolfe.blogspot.co.uk/2012/10/bearish-wolfe-wave-update.html#more
(thanks to Richard,from Daneric's to pointing me in this direction)





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