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

Thursday, 23 October 2014

Donchian channel and 200 ma on 60 min chart (Ron Walker)

ABC and D with E to come to complete triangle ?

Wednesday, 22 October 2014

The Gann angles on this chart are trading days (the one in the previous post is calendar days)

Tomorrow is 90 degrees from the July 19 high.Its also a solar eclipse.I marked in with circles where time and price coincide against the lower 2x1 angle  (approx 1952 )

chart below from Ron Walker. (Red neckline is mine) The 200 ma on  the 60 min chart is at  1952

Bears need to see a decent reversal candle soon....a shooting star or evening star or such like
We reached fibonacci resistance around 1943. Im also watching 1964 (144 points) and 1971,an 8.33% move off the low

also watching the 2x1 on the chart below (which is at 1943 today)

NY Coffee

coffee looked to have made an important top last week.Watching for a gap fill attempt and resumption of the down move

Tuesday, 21 October 2014



Watching the Dax to see if a triangle is forming

we have just formed an elephant  (or power candle) on the 2 hr chart so it may be a simple ABC after all