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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 15 June 2010

S&P

We got our reversal today,on the 34th day,with an inverted hammer,just below the retracement levels and the ema's.We should start to see followthrough on the downside from this setup.There was also divergence ,with some indexes not managing to make a higher high (eg Russell 2000) Forming a triple top below the 50% retracement is a strong bear setup under Gann rules.The triple top is not confirmed until we have a low below yesterdays low.

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