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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


Thursday 10 June 2010

BP

I am not trading this but worth noting that 360 touched today,which ordinarily would be a buying level with a close stop.However these are not normal times and the liabilities for this company are uncalculable/open-ended at this point.360 is half Gann 720 high zone and is also 60 squared.Look at the chart and see how 640 and 490 were important.If we break 360 halving again to 180 is the Gann projection,a scary thought.Stock topped 21/04 and I would feel happier buying if we were at 360 on 21/07 but we have over a month to go.

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