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
Saturday, 29 December 2012
SPX -last week's sell signal
this is the updated chart of last weekend's post with the sell setup which received confirmation this week by way of a large black candle with LL
Here is a longer-term chart which suggests the bull market cycle is finished and we have a first lower high in place (Gann's safest place to sell)
Noice!
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