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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


Wednesday 10 March 2010

rising wedge ?



The entire move from the March 09 lows can be classified as a rising wedge (See Dax chart in previous post.The sell-off in January was a declining wedge and now we appear to be nearing the end of a rising wedge.Fibonnaci time days seem to be working for turns.Today was 21 days from the low.

Watching Billiton chart closely to see if breakout sustained or if we develop reversal pattern such as evening star.Strength in miners seems counter-intuitive to me given likely slowdown in China.

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