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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 19 February 2013

A nice post from Danerics by Cotton211


 


 
  
 Cotton211  
 

It is important to study the
different sections or moves that a stock makes between the first low level and
the first, second, third, fourth, or fifth tops of a move. After a stock has had
several moves up and reacted, when it is near the end of the
move.
The gains over the last previous top will be less and the run
from the last bottom to the last top will be less than in the early stages of
the movement, an indication that the move has run out and that a culmination is
near. In a declining market, apply the same rule. When the declines or sections
of a move become shorter, it indicates that the selling pressure is
waning. WD GANN

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