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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


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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, 20 March 2015

http://armstrongeconomics.com/2015/03/20/terrorism-greatest-excuse-for-everything-now-canada-joins-usa-with-indefinite-imprisonment/
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3 comments:

  1. Souljester20 March 2015 at 17:02

    USDJPY is getting pounded today. FWIW.

    Monthly USDJPY

    The last three times this happened, the market did a 22%, a 20% and an 11.8% correction. The 11.8 % was the beginning of the 2007-2009 Bear.

    Small Data Set

    That is why I believe that we are going to do a 10-20% correction in equities, conservatively.

    Peace.

    ReplyDelete
  2. Souljester20 March 2015 at 20:55

    I do not usually chart the Nikkei, but did so today out of usdjpy interest. I think this is right. Bigger question (not shown) is whether this ends Wave 3 off the 2009 low or Wave 5. Hence, the green support at the would wave 4 targets (38.2 and 50 retraces because the wave 2 off the 2009 low was deep).

    Look at that bearish weekly candle right at the Wave 5 target!

    ReplyDelete
  3. Souljester20 March 2015 at 21:16

    FYI That looks like a bad print on the Nikkei Weekly candlestick as futures and other charts are not showing that.

    ReplyDelete

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