.

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
.


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, 24 March 2014

breaking out of bullish wedge ?


Posted by at

3 comments:

  1. Magonia Bound24 March 2014 at 23:34

    I hope so - hoping to go short via SPXU tomorrow at some point. What do think about a possible head and shoulders top in process on the 60min SPX? Maybe some relief on oversold conditions and then downward?

    ReplyDelete
  2. Chartrambler25 March 2014 at 11:11

    Hi there.Iwas looking at the hourly yesterday,this was what I came up with. Possible we break the downward expanding channel and retest the broader channel line ?

    http://2.bp.blogspot.com/-YreBGkqiJGE/UzFjybQzVoI/AAAAAAAAt1A/TSlYu_mBnE0/s1600/spx.png

    ReplyDelete
  3. Magonia Bound26 March 2014 at 02:06

    Nice! That looks like it worked out well and the broader channel line held...the trader's almanac has a few days down coming up; hopefully history repeats this week. thanks for the chart -

    ReplyDelete

Subscribe to: Post Comments (Atom)