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

Saturday 22 June 2013

SPX weekly Gann angles and candle patterns

last weeks candle was a bearish engulfing.Last weeks high looks like a good stop for swing trades

 from a Gann perspective it would be unusual if this was "the top" as the last range was bigger than the preceeding one (normally tops are preceded by contracting ranges). Does this mean Nenner's call was wrong ?


  1. I believe bearish engulfing only when the Body covers the previous body. No tails involved...

  2. OK thks I had a slight doubt....but it is a"outside reversal bar" of some kind..