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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 23 February 2011

45 weeks on Threadneedle St ?

Gann named one of his books "45 years in Wall St because 45 is an important cycle.It is 1/8 of the circle 360. Ftse is 45 weeks from the April high and 34 weeks from the 4790 low.Macd is rolling over and we have a potential evening star reversal.There looks to have been quite a bit of churning the last few weeks around 6000,the Gann 1/4 level from 4800...this is most likely distribution.Ftse is showing negative divergence with markets like the Dax and S&P,which made new highs

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