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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, 20 December 2013

YenDollar


Is this is a W5 or have we just started another huge leg up for the dollar ? :-)
I dont know but my feeling is that the correction was very flat,doji ish candles suggesting huge support for the dollar,another big leg down in yen
I will need at least a long tail candle on the monthly here to suggest otherwise.IF it is to reverse a sharpish reversal maybe around the solstice would be most likely but for now its a strong trend that has made new highs



also watching this daily chart.....could be in an ending diagonal ?


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