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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 16 February 2011

Here is an interesting chart from Binve.More and more Elliott wavers seem to be throwing in the towel but most purists are arguing that the rally from March 2009 is corrective,not impulsive.I am not a purist,I look at elliott when a count is obvious (or corrobarates another TA viewpoint) but once the experts start disagreeing its a warning to me to wait until the count becomes clearer.I lean to the viewpoint that the rally is corrective because the Gann swing charts are messy (and because of fundamentals).An impulsive trend should have expanding ranges.



http://marketthoughtsandanalysis.blogspot.com/

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