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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, 11 April 2013

Spx

Well last week I was looking for a break of the red 2x1 for a sell signal and we got it on Friday but the signal was false as the angle was regained quickly and yesterday we made a new all-time high. I am watching to see if this is a false breakout as often seen at major highs and also watching the yen cross rates because Japanese liquidity is clearly important at the moment



Here is the monthly chart,from Andrea Calissano
  http://www.thewavetrading.com/2013/04/11/spx-follow-up-of-the-short-term-ewp-99/?utm_source=rss&utm_medium=rss&utm_campaign=spx-follow-up-of-the-short-term-ewp-99



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