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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

Tuesday 19 August 2014

AQP

Not dissimilar to AAL...(volume pattern)


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1 comment:

  1. Souljester19 August 2014 at 03:51

    This chart paints the picture for me:

    It looks like a perfect bull wave off support. When these happen the 50 DMA holds as support:

    http://scharts.co/VAYrdt

    I suspect we fail at this high like in 2012 (same chart). That is the bearish scenario.

    Because the 1905 low we caught continues to look perfectly bullish, I am staying with it until it breaks down. I suspect it is a well painted bull trap, but it needs to break for me to know anything.

    That is the explanation on the prior charts. The indicators I sent are still on sell (hourly barely). We should know soon.

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