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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 11 December 2011

EWI

Next week should be interesting.EWI needs to break above the declining tramlines and resistance from summer 2010 lows otherwise we could be looking at a very nasty sell-off.This is not a prediction just a possible roadmap if the market decides it does not like the EU "masterplan" unveiled last week.Either we have a triple bottom on the daily chart and can rally from here or some sort or 3rd wave starts soon .It seems to me that even if the plan works,which I doubt, it is still deflationary for the economies like Italy,Spain and Greece and therefore equity bearish. but we shall see

 

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