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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 10 October 2010

480 days from Nov 2008 low

Interesting time cycles.I posted about the 360 trading day cycle from the November low earlier in the year.

eg   http://chartramblings.blogspot.com/2010/04/nyse.html

480 td kicks in this week and the 3 year cycle from the Oct 11 2007 high in the Russell kicks in tomorrow.The range squared time if you take the Gann 360 and 720 levels as the boundary rather than the actual low and high.By the same token 720-120=600,which was support and that range  squares on the 120 td cycle .We should also watch 6 months from the high,which is the 26th (15th on FTSE100  which peaked earlier) On FTSE 480 td was last Thursday and the range is just under 2400.


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