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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

Saturday, 29 March 2014

Dow





looking for break of ma's and 1x4 support line

The S&P has 3 topping tail candles and has already broken below the moving averages



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2 comments:

  1. Trading Sunset29 March 2014 at 21:05

    I love my spiky-top candles.

    Even though we didn't close red on Friday, we did indeed end the week with another failed bounce...

    Regardless of any news...the price action is bearish. I'd be real bemused if 1883> ..before 1800/1790s.

    ReplyDelete
  2. Chartrambler29 March 2014 at 21:48

    me too...Coolbiz is citing various bullish factors but for me the most bullish factor would be if Europe keeps going.The BPI renko chart would eed to turn too

    ReplyDelete

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