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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


Sunday 31 January 2010

Ftse


The daily candle chart shows just how weak the market is.Normally you could expect at least 1 or 2 day countertrend reversal days (higher low/higher high days.)The market is oversold but could easily keep declining into a 21-22 day low.On 11/02 the market will have run 150 days from the 4096 low (cash index) balancing time (1504 point range)
At the high the market was up 216 days the range from the low was 2140,almost a perfect square.

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