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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, 8 November 2012

SPX:VIX broke below a rising trend line but never made a lower low today, even as the S&P made lower lows. This, for now, is suspicious, but if tomorrow it firmly breaks the prior renko level then this downtrend will get continuation lower. I still suspect with the new moon coming on the 13th that the market might find some legs between now and Monday, but should drop into the full moon around the 25th of the month where it might find a bottom or the bottom of this move.

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