.

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

Sunday, 22 February 2015

Dow

The Dow has been lagging stronger US indices.On Friday it broke through 18000






Gann rule of 3





Posted by at

2 comments:

  1. Anonymous22 February 2015 at 23:47

    What does that Level 3 Gann mean in English for the less functioning brains out here? Dow was simply manipulated by Central Banks on Friday. Down 100, they step in and swing it +150, for a 250 total swing to crush any sellers.

    ReplyDelete
  2. Chartrambler23 February 2015 at 01:24

    Hi it just refers to a Gann rule that a 3rd attempt to break a level is normally succesful. 18000 is a "natural Gann resistance level(180 half the circle of 360) and we had a bullish candle on Friday.If your reasoning is correct we need to see a "false breakout"

    ReplyDelete

Subscribe to: Post Comments (Atom)