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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 29 December 2012

SPX 2012 range

Recent price action is weak but the 1x1 needs to break for bears to get more confident.See how the recent high came 12 months after the yearly low

Rather than look at the calendar year I believe it is more constructive to look at the September to September year (natural seasons) and see it as a 360 point move from 1080 to 1440 with overshoot.



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