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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


Friday, 31 October 2014

The ponzi goes into overdrive....

http://www.zerohedge.com/news/2014-10-31/markets-explodes-bank-japan-goes-all-er-increases-qqe-jpy-80-trillion

EZJ


Thursday, 30 October 2014


We hit 2000 (which certainly surpised me :-)..........this is 3 x 666.7 and its half a circle (180) added to 1820 low,so important resistance  to Gann watchers
Bollinger band pierce and bearish twin towers pattern (hourly chart)

Ftse hit 6488 after hours,which is a 50% retracement. 6480 is 45 x 144,both important Gann numbers



This is the Gann angles chart using trading days (rather than calendar days) Today the 1x1 is at 1990


here is the wave count I was looking at...seems complete and the rising wedge has broken



The European markets are weak this morning .Ftse seems to be backtesting broken wedge


Tuesday, 28 October 2014

Its possible this wave has ended,although it would be odd before FOMC day. Bears need to see a close below the previous close (horizontal line)