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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


Wednesday, 28 November 2012

Ftse square of range

The summer rally was 702 points and 70.2 degrees is approximately 71 days,which added to the high (Sep 14) gives last Saturday if Ive done my calcs right .The high so far for this correction was 5830 on Friday.So a reversal here could be significant and adds to power of the "lower high" setup in the earlier post.The first move down was 316 points. The run down last May was 413 points
I did some of these square of the range calcs retrospectively a couple of months ago (posted on blog) and they proved startlingly accurate so itwill be interesting to see if this one works.tomorrow is significant day also for those who follow ntaural cycles as it is a lunar eclipse day on Wednesday


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