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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

Monday 18 August 2014

AAPL approaching 100 with an equal time range cycle in play. Daily candle was very strong





TSLA bearish looking candles at level of previous high


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6 comments:

  1. Souljester18 August 2014 at 22:39

    This is a prior chart I posted (a few weeks old). USDCHF has continued to hold the support. This may be the breakout coming here (or it is just wrong). Analysis hasn't changed so I didn't recopy the chart:

    http://i1240.photobucket.com/albums/gg500/SoulJester786/Target_Box_zpscaa3d838.png

    ReplyDelete
    Replies
    1. Chartrambler18 August 2014 at 23:34

      thanks....I forget what was the intervention level the Swiss central bank was defending ?

      Delete
    2. Souljester19 August 2014 at 00:21

      It is a triple bottom on the daily above the anticipated support btw. Will be a monster.

      Delete
    3. Souljester19 August 2014 at 00:42

      Pegged to euro. It is a triple bottom on daily at the anticipated quarterly breakout. It will be a monster. IMHO.

      Delete
  2. Souljester18 August 2014 at 22:50

    This is also the turn down time frame on the bearish scenario after the 1905 bounce. We have broken above the fib support and the 50 dma. I won't think about this bearish scenario until support breaks (1940ish) and am treating it as bullish until that happens...but this is the failure level from a time frame perspective anyway....

    Prior chart:

    http://i1240.photobucket.com/albums/gg500/SoulJester786/IDIOTS_zps9f053304.png

    ReplyDelete
  3. Souljester18 August 2014 at 22:52

    Here is what the bullish scenario looks like. Bounce off the 1905 support a cycle low. We have broken the middle of the chart (50 dma)...so, until that breaks down this is the measured move target....

    http://i1240.photobucket.com/albums/gg500/SoulJester786/Bullish_Scenario_zps347b2ae8.png

    Sticking with this until the market tells me that it has the bearish scenario in mind....

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