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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 15 December 2012

SPX

We have a confirmed evening star reversal pattern.Price broke below the 3 dma of the lows offset 1 day (can be used as trend  signal, we would now watch the pink ma for a buy signal)









4 comments:

  1. Really fine last couple of posts. I really like your reminding us of the 3rd pivot. Thumbs up!

    ReplyDelete
  2. Are you color blind?
    That color that you call "pink" is actually MAGENTA.

    :)

    ReplyDelete
  3. Wags you're like a bad smell....

    ReplyDelete