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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


Wednesday, 30 October 2013

1778-80 Resistance

Pos DMI in extreme territory


1766 did not hold yesterday so I am watching 1780 (1.618x 1100) as next resistance

The thick blue line is 0.625 points per day (effectively a 1x8 using scale 5 pts per day )

1778 is also important measured move level,as seen in this chart by Nouf (WavePatternTraders) 
http://charts.stocktwits.net/production/original_16881957.png?1383062902    WHERE TIME IS ALSO EQUAL (as in Dax chart I showed)


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