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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

Wednesday, 7 May 2014

S&P...a significant top at last ?

bearish twin towers pattern. Also a bearish TAS pattern (down 6 days up 14 with no new high,reversal) For now today's high is an important marker....bears look to be in with a chance


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4 comments:

  1. Anonymous7 May 2014 at 02:22

    yin yang 2 candle pattern there Fri and Mon, better seen on ES

    jxxd

    ReplyDelete
    Replies
    1. Chartrambler7 May 2014 at 08:05

      thn=anks JD....remind me againthe characteristics of a yin/yang patterm=n? i it the same as twin towers ?

      Delete
  2. Trading Sunset7 May 2014 at 03:13

    If bears can break under last Monday's low of 1850...I'll take this seriously...until then..it is nothing we've not seen a hundred times before.
    -

    With Yellen tomorrow, the setup could easily be a major bear trap...only to quickly result in new highs.

    ReplyDelete
  3. Chartrambler7 May 2014 at 08:04

    XLF seems to be leading and we have an evening star reversal confrmed.With luck we will get similar confirmation today on S&P
    The TAS is a strong pattern

    ReplyDelete

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