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

Monday 15 July 2013


Despite my observation on the weekly candles for the S&P I think we could be putting in an important  lower top here on the Dax .Clearly we need to see how it closes before getting presumptuous about the daily candle but it is looking ok for bears so far. My assumption would be that we are forming a B wave,with sharp C down to come,but it could be a wave 2 of course

If the European markets sell off will money flow to the US markets ? It is possible it could for a while but generally the larger European markets and the US move broadly in lockstep so this will be interesting.The emerging markets were the ones to lead this time round

this post on NYMO from Keystone is more cautious on the S&P than my weekly candle chart

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