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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, 18 May 2013

HSBC

On the monthly chart the recent pullback looks like a backtest of the trendline and now the uptrend has resumed with a very strong candle this week and the chart looks very bullish. There is a 50% move from 5 to 7.5 (ie Gann resistance)  and a 5 wave count though so lets see if the stock can maintain the  break of 7.50


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