.

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
.


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


Friday 15 October 2010

Dax...breakout or Fib retrace ?

The Dax has finally reached its major fib retracement.I am cautious about regarding this as a breakout........money has flown into Germany because it is the best of a bad lot in Europe but it is hard to imagine that it will be immune to the difficult economic times ahead for Europe and that the banks in particular will  emerge unscathed from further sovereign debt woes.Obviously there is no sell signal yet though.Further ahead Germany could be re-rated if it breaks away from the European union,but that is jumping the gun !

No comments:

Post a Comment