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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 13 March 2012

Chart from Ron Walker

 
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2 comments:

  1. Trading Sunset13 March 2012 at 23:01

    ARghh..very frustrating, not least for Walker himself.

    A good backtest,....only for JPM to mess things up at 3pm with their press release.
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  2. Chartrambler13 March 2012 at 23:31

    Yes it was looking good till then.Am rapidly losing my sense of humour ! I have hitherto avoided the "don't fight the Fed argument" because I took the view that economic cycles are stronger than anyone or any Institution but I really wonder if TA or fundamentals or anything makes any difference in this market.Or is that the sign of a top ? LOL

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