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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, 27 September 2013

Quite a confused picture...Ftse daily chart bearish but not confirmed by other markets.Dow weekly candle chart is bearish though



the 3 line break chart has turned down


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3 comments:

  1. Trading Sunset28 September 2013 at 02:43

    Hey CR :)

    Yes, old FTSE is looking a bit weak, and monthly MACD cycle looks prone to putting in a bearish cross in Oct or Nov.

    Yet...most of other world indexes are soaring. Even the stinky IBEX and MIB are looking very strong.
    -
    I will need to consult the crystal ball...or pyramid for further guidance.

    Have a good weekend!

    ReplyDelete
  2. Chartrambler28 September 2013 at 12:19

    Hi PD good luck with that ! Have a good one !

    ReplyDelete
  3. Chartrambler28 September 2013 at 12:23

    Pretzel " In conclusion, I feel fairly confident that the decline from the
    all-time-high was impulsive, and I thus expect the market has at least
    one more leg down still to come. Further, I suspect this is actually
    the early stages of a larger decline. Nevertheless, once another leg
    down forms to allow the potential of a complete ABC (assuming I'm not
    dead wrong, of course), I'll reassess that intermediate outlook"

    ReplyDelete

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