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

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

Sunday 30 December 2012

SPX Monthly

Will the market now stay below the declining 10 and 20 point per month angles ?
For January,support from the rising 20x1 from 1074 is at 1374. The 10x1 is at 1224,which is close to the 61.8% retracement (1074-1474) at 1227

here is the same chart,showing weekly bars.The angle notation still refers to monthly

The blue lines are Gann's "natural resistance levels" based on 360 -   720,1080 and 1440.

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