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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, 23 July 2014

S&P long term chart

Joanne Klein's mechanical long term trend-following system uses 10 and 50 week ema crosses for long term investment decisions
I have illustrated below and highlighted where we might be in relation to the last top.Of course it may be different this time :-)


Joanne's chart


Posted by at

2 comments:

  1. Souljester24 July 2014 at 00:17

    Thesis has been that the 1989 level would hold as resistance (yearly pivot) and we still just grinding under it.

    Currently the top of the Red 5 looks like the top of the Red 1 and Red 3:

    http://i1240.photobucket.com/albums/gg500/SoulJester786/SCRAMBLER_zps33bd0a4e.png

    Here is the yearly pivot again as RLS is moved to private:

    http://i1240.photobucket.com/albums/gg500/SoulJester786/SCRAMBLER_001_zps538c9de2.png

    Ruck!

    ReplyDelete
  2. Chartrambler24 July 2014 at 14:45

    Thanks SJ

    ReplyDelete

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