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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

Saturday 22 September 2012

Dax with major Murrey Math lines and Gann angles.Waiting for the 2x1 to break seems like a good sell strategy



Next week should be interesting. The bulls are arguing that the dollar is still weak (thanks to Bernanke) so that its still risk on (Nouf is making this point quite strongly for example) Here is  a Nzd chart from DarkestKnight to support this point





Against that the DJ Transports chart is suggesting serious weakness,and oil is sending negative signals.
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3 comments:

  1. Paul Wins22 September 2012 at 13:47

    Hello,
    fals you interests. I have loaded Chart to Murrey Math here.
    http://www.pic-upload.de/view-16144380/Unbenannt.png.html

    ReplyDelete
  2. Chartrambler22 September 2012 at 14:34

    Thanks Paul.That is impressive..is it your own chart ? It suggests 7650 if I read correctly ?

    ReplyDelete
  3. Paul Wins22 September 2012 at 16:35

    Thanks.
    Yes this is my Chart. I have dealt with Murrey Math during 1/2 years. I know like one makes these charts and I know only the most important rules for trade. I do not know the remaining rules for trade. Maybe you know a lot there better.
    The low in the 6/5/2012 was made in 6/8 lines in the old square, then rose to 21.06 up to 1/8 in the current square and went under it to 28.06 - 7/8 lines. From there upward trend began. If upward trend began in the odd line, would also have to end in odd ones? Because then this value just number went in octaves. Or not?
    Indeed, this would mean 1/8 in the new square, so in 7653
    10/4/2012 is interesting again, there quarter is to ends.

    ReplyDelete

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