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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


Saturday 13 March 2010

ftse indices




The Ftse indices have exceeded their previous highs,unlike other European indices(setting up a possible negative divergence for Dax,Cac etc)Of course in constant sterling prices the picture would be different.The next couple of weeks will be critical in determining whether this breakout above fibonacci resistance is sustained.Upward sloping consolidations are usually bearish and it is hard to imagine UK growth statistics over the next few months supporting a continuation of the bull trend at least for the more domestic 250 and 350 indices.Nevertheless for the moment the trend remains up.

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