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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 21 August 2012

60 minute chart from Ron Walker


Quote from  http://inter-market-analysis.com/

Friday, the SPY hit its 52 week high double top. The move up has been on the lightest trading volume in 5 years. This is very worrisome as large investors and institutions are obviously not buying at these levels. In addition, the volatility index is not making new lows like one would assume, telling us storm clouds are brewing on the horizon.

Bears woud probably be well-advised to wait for a signal on the chart below (Ron Walker)




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