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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

Wednesday 26 March 2014

The Dax has taken out the 61.8% retracement of the recent decline this morning.(this chart is from yesterday's close) Bears should have exited on this break or earlier off yesterdays bullish twin towers pattern I can still see bearish potential off our original 60 month cycle and will be watching the 68.6 and the 5/8 MM level.Nevertheless bears need to be aware of the ECB stimulus issue raised in yesterday's Telegraph article I posted


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