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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 2 March 2012

Cocoa Square of the high

Cocoa is interesting from a Gann perspective.With a high at 3600 it leads us to look for a time cycle 360 degrees (1 year forward) Price is around 2400 so we have travelled 1200 points.There are 12 months in a year. 2400 is 33% down.I am looking for another decline ,to at least 1800.The cycle could be a low but looking at the 3 spike pattern that seems unlikely. I have attempted to draw an arc on the chart,which also suggests acceleration to the downside

 

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