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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, 7 November 2012

Here is a moving average only chart of the Spy,weekly basis.The 5 is below the 13 but they are above the 21,which is still rising.Macd has crossed and has diverged with price.We are close to the end of the rising wedge pattern.A sell  signal may be close but has not been given yet


On the daily version all ma's are in bear mode,although bearish momentum on the Macd seems to be waning






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