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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)


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