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

Thursday 14 August 2014

2 hr chart....upper boll and fib hit

Dax 4hr


  1. Today SPX closed above the Red Cloud Baseline. As mentioned, I am using Weekly Low (SPX 1928) as the reversal point, but typically this will just keep running without a close below the conversion line if 1905 was the cycle low, which I suspect is was barring a break of 1928.

    Chart: http://scharts.co/1nTNCtT

  2. Thks. spx closed above the 50 dema and RUT has an island reversal and looks poised to do the same