.

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


Monday 31 October 2011

Dax


Euro

Ron Walker's euro chart

 

Well we got our sell signal

we met the requirements in Saturday's post   http://chartramblings.blogspot.com/2011/10/pinnochio.html

and this may be playing out       http://chartramblings.blogspot.com/2011/10/blog-post_27.html

and we got evening star reversals in european indices and the euro


Evening star reversals Ftse,Dax



 

here is a chart from Mike Breaux's website      http://spwavetrade.blogspot.com/
The 21,34 emas have crossed bullish so the mechanical trade is to look for a pullback to buy.However the speculation is that we may have a similar situation to 2007 (Mikes red box) .Worth keeping an eye on price action wrt these ema's over the next few days.




here is my chart with a possible channel and 5 dema added.We need to break the 5 dema as initial sign at least that a turn may be starting.Friday's candle was a doji,which often marks a top.Elliott wave people are mostly calling for one more push to around 1306


good link on inflation from Zero Hedge      http://www.zerohedge.com/news/when-money-dies-author-adam-fergusson-and-james-turk-discuss-hyperinflation-past-present-and-fu

Sunday 30 October 2011

PHGP

a sterling based gold ETF..........100 now solid support ?

 

Dax


Ftse


GOOG


Arm Holdings





Blue line shows likely support if there were to be a sell-off.There is an unfilled gap.

 
good link

http://blogs.stockcharts.com/canada/2011/10/wow-a-rally-on-a-kozy-merky-situation.html

and this
http://mcclinbeursanalyse.blogspot.com/p/s-langet.html
 

Euro

dual backtest?



 

Cocoa




 

Soybeans

Possible we test the recent high at 1280 before decline resumes ?  40 dma and 4x1 provide resistance. Closing above the 40 dma would be a signal to close shorts ?


Gold


Nyse








the 61.8 % retracement of the 2007-9 bear is 8016



Hongkong

200 dma is now declining this rally looks counter-trend

 

Saturday 29 October 2011


cycles and the Aussie dollar

from the Nov high we ran up to another high 6 months later,then another in 3 months so the 12 month cycle seems a likely candidate for a top in which case the "risk-off" trade would most likely be triggered so a 6 month cycle top might be seen in equities.All conjecture until pattern gives us a trigger ie a reversal.The same cycles should be monitored in the euro and other currencies

 

 

Dax


QQQ chart from Gann360


Eurostoxx

I have attempted a wave count....

 

Corn

Corn chart continues to deteriorate

 

Weekly Ftse

Bears need to see Ftse retreat from the 20 points per week line.Next week this line comes in at 5744

Pinnochio ?

a reversal below the 1x1 and 200 dma is needed for a sell signal.Next wave down could be a wave 3 or C so patience,vigilance may be rewarded handsomely !

 

Soybeans


Triangle option

BARC

the decline in Barclays was 7 months,Gann's termination "death" cycle (ie 7 days,weeks,months etc)
 Now at resistance from the geometrical line

 

Silver....test of bearish ema's ?

I think we will pull back from here.I am very bullish longer term but not convinced this correction is finished yet



POG

looking like an exhaustion into 50% retracement area

 

1937-42 analog

http://slopeofhope.com/2011/10/revisiting-the-1937-1942-analog.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Ftradeblogs%2Fthe_slope_of_hope_with_ti+%28Slope+of+Hope+with+Tim+Knight%29ce

nice post from Slope of Hope,Serge Farra's chart



S&P




Coffee...LH in place...?






 this would be a possible bullish scenario  :




However the recent  rally does look corrective....here is the wedge on a longer term chart 


 

2 nice charts from Colunbia.78.6% retracement comes in around 1306


 



interesting chart from Slope of Hope ...



IHG

...I keep having to move these trendlines  ! 

 

Ftse


Friday 28 October 2011

Video with Jim Rogers

 

Flash Crash

amusing video....sounds like a horse race !

 

Dax

I dont see how people can start getting excited about a new bull market (as some were yesterday) when the European charts still look so poor.I am pleased I posted on the bullish potential of the base on the Dax a few weeks ago but I must admit I didnt expect to see us reach 6400. 6400 is square of 80 and 3600 was the bottom,8100 (ish) was the top,both squares

 

Ftse250