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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

Monday, 4 November 2013

CAC

CAC has a lot of resistance ahead 50% retracement of the entire Bear, 1.66 times the low and 1.5 times the recent low,all clustered round 4400. As far as I can see the economy is dire so it looks as though a reality check is close






50% retracement 4407
66% move from the low  4410
50% move from 2012 low  4359
50% move from 2011 low 4041
Posted by at

3 comments:

  1. Airyk4 November 2013 at 13:43

    A wedge with overthrow might work well in that last leg up as well. Good stuff, CR.

    ReplyDelete
  2. Chartrambler4 November 2013 at 15:02

    thanks maybe oneofdaworst is correct,ECB cuts rates and we spike through 4400 then reverse

    ReplyDelete
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