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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 11 August 2012

DAX 50% of the major range

This is one of Gann's major resistance levels. Not shown on the chart but 50% Pressure point of the more recent range 4962-7196 is 1117 points plus 5913 June low = 7030. The mean of the 2 pressure points 7030 and 6979 is 7004,last week's high. Pressure points come from Gann swing chart theory,with 50% being strong resistance (It has been called  the Danger zone because so many moves  fail there)






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