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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, 25 October 2013

Ftse

The chart I posted yesterday had not updated.Here is correct chart







Posted by at

8 comments:

  1. Anonymous25 October 2013 at 02:57

    The American Medical Association has weighed in on Obama's new health care package.

    The Allergists were in favor of scratching it, but the Dermatologists advised not to make any rash moves.

    The Gastroenterologist's had sort of a gut feeling about it, but the Neurologists thought the Administration had a lot of nerve.

    Meanwhile, Obstetricians felt certain everyone was laboring under a misconception, while the Ophthalmologists considered the idea shortsighted.

    Pathologists yelled, "Over my dead body!" while the Pediatricians said, "Oh, grow up!"

    The Psychiatrists thought the whole idea was madness, while the Radiologists could see right through it.

    Surgeons decided to wash their hands of the whole thing and the Internists claimed it would indeed be a bitter pill to swallow.

    The Plastic Surgeons opined that this proposal would "put a whole new face on the matter."

    The Podiatrists thought it was a step forward, but the Urologists were pissed off at the whole idea.

    Anesthesiologists thought the whole idea was a gas, and those lofty Cardiologists didn't have the heart to say no.

    In the end, the Proctologists won out, leaving the entire decision up to the assholes in Washington.

    ReplyDelete
  2. Trading Sunset25 October 2013 at 03:01

    hey CR.

    Certainly, the FTSE is weaker than most of the other world indexes (I guess we can blame Cameron/Clegg partly for it), but its pretty close to a major breakout.

    The current monthly candle is powerfully bullish. Any close in the 6700s would be enough to offer further upside into Nov/Dec.

    Baring a swift reversal across Mon-Thursday, the FTSE is going to close October with good gains of 3-4%.

    ReplyDelete
  3. Chartrambler25 October 2013 at 11:25

    well the indicators are overbought and a pullback here could reveal this breakout to be false but I agree the monthly candle is strong. But 9000 Dax is key for me.I have a hard time believing it wont be a top given the Gann harmonics

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  4. Chartrambler25 October 2013 at 11:25

    I really thought 1745 would stop the S&P but this could be an overshoot

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  5. Trading Sunset25 October 2013 at 13:29

    I see your Gann Harmonics.... and raise you QE of $85bn a month..every month, until the end of time.
    -

    ReplyDelete
  6. Chartrambler25 October 2013 at 16:19

    10% correction minimum....mark my words :-)

    ReplyDelete
  7. Anonymous26 October 2013 at 19:43

    Interesting that no one mentions the dollar soars ^any day now and how that effects the markets.

    ReplyDelete
  8. Anonymous26 October 2013 at 19:45

    There should be a rule of thumb for those tight bottom right hand corner wedges. http://stockcharts.com/h-sc/ui?s=uup

    ReplyDelete

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