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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, 28 June 2016

FTSE

ideally we see a reversal from 6200 and a swift move down to 5900


the longer term chart shows critical resistance here,not least from the 50week moving average which is trending sharply.






based on measured moves and channel intersects 5000-5100 doesnt seem impossible,but we shall see




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3 comments:

  1. Anonymous29 June 2016 at 07:11

    like it

    ReplyDelete
  2. Sea legs2 July 2016 at 14:34

    Just noting that FTSE has a really well defined H&S on the daily chart that targets 7350. Seems hard to believe, but maybe Brexit is a bigger shot in the arm than anyone realizes.

    ReplyDelete
  3. Chartrambler2 July 2016 at 22:08

    pretty astonishing reaction.....there are a lot of dollar earners in the 100....the 250 may be a better indicator to watch

    ReplyDelete

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