.

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
.


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 28 July 2012

well right after I posted the hourly chart by Ron the market spiked higher and took out a lot of stops ! Am a bit dismayed that we took out the high on our Gann cycle date on July 5th.

Sqwii has been nailing this market recently and I think his post is well worth a look .I am thinking along the same lines.We declined 44 td on the first leg and Friday was 82 so worth keeping an eye on the 89-90 td count from the high

http://sqwiitrader.com/market-view-for-30th-july-2012-markets-about-to-fall-off-a-cliff-next/

5 comments:

  1. The trend, is your friend.
    That push up made me lots of money yesterday.

    Buying all pullbacks.

    Would be nice if you could also show supports on pullbacks. That'd be tremendously helpful, using your Gann-based strategies and other strategies.

    ReplyDelete
  2. Well it was not clear to me the trend was up,especially in the European markets.I posted on the double top on the Ftse for example,which was a LH, and even with Fridays rally it has no taken it out.To turn the trend back up would need a HL and HH.
    Would be grateful if you do not post anonymously as have had some troll trouble in the past
    Thanks

    ReplyDelete
  3. sqwii has been calling it good? you HAVE to be kidding.

    ReplyDelete
  4. what I mean is, i rate his longer term calls however his short term ones have been very hit and miss since last November, when I first started reading him. Mostly miss.

    ReplyDelete
  5. Ok I mean mainly the last month or two.We get his twitter calls in our chatroom and even his detractors have been impressed

    ReplyDelete