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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 20 March 2010

S&P


The s&p posted a bearish engulf after a doji in a potential evening doji star reversal pattern,with volatility at extreme lows and possibly poised to reverse.It has made new highs, which is bullish so the next few days will be very important - do we correct to support and rally or do we break support and leave a false breakout? Note most European indices did not confirm the breakouts.The stronger looking dollar chart may pose problems for the stockmarket and there are growing fears about higher taxes if the Healthcare bill is pushed through.
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