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
Friday, 18 January 2013
Dow
I feel upside is probably limited here but we could churn sideways before the big move some are expecting
Check out this killer chart to complement yours: http://imagehost.vendio.com/a/905774/view/Jan192013RATIOTWO.png From Short Takes http://ciovaccocapital.com/wordpress/index.php/stock-market-us/some-short-term-concerns-remain-for-stocks/
Am inclined to agree HD thanks for the links. March tends to be very important month for Dax so I wonder if we could have a lot of volatility till then,then plunge in March,3 years from the low or maybe its a lower high. In theory all those highs from 7200-7500 in the Dax are now support :-)
It will be big, and it will be down. :-)
ReplyDeleteCheck out this killer chart to complement yours:
http://imagehost.vendio.com/a/905774/view/Jan192013RATIOTWO.png
From Short Takes
http://ciovaccocapital.com/wordpress/index.php/stock-market-us/some-short-term-concerns-remain-for-stocks/
Am inclined to agree HD thanks for the links. March tends to be very important month for Dax so I wonder if we could have a lot of volatility till then,then plunge in March,3 years from the low or maybe its a lower high. In theory all those highs from 7200-7500 in the Dax are now support :-)
ReplyDeletesorry I meant HR :-)
ReplyDelete