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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, 27 December 2012

Ftse - Bearish shooting star 144 days from the low

we formed a bearish shooting star today and came within a few points of the measured move posted in Tuesday's chart   https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEianyXmNt9Tsoy33oDuxZy_RFl2wXu72I9fQa1tV-Ai7RrdK7LU5YEjK3R9QHGbwF5iyohKpKO4R2g9ZJ4or4alSMjsnU17JrqEZZRHclrW9lKXdS01fK2jjJ3a2e05LtD-YfrrMcdrT456/s1600/ftse.jpg

we also got a Bollinger band pierce.In these manipulated markets the Bollinger band pierces seem to give quite good entry and exit signals,whereas the swing charts rarely seem to fulfill their potential  :-)

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