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

Thursday, 7 January 2016

Cocoa breakdown

wow !.....cocoa broke 3000


  1. Very well done for spotting and playing such a good steep drop in Cocoa.

    Cocoa is not lone commodity breaking support and ripping straight through it. Is what happened to BHP not long ago with Fibonacci projection around $20.00, minor support at $18.00 that it slices straight through. It currently trades at $16.35. Moderate support at $11.60 and major support at $8.70.

    I was eyeing it off at $26.00 for what I thought was a 5th of 5th of C down to $20.00 fib support waiting for a far cheaper entry. Then flipping bang that just not stop.

    1. Thanks JD....wasnt expecting 3000 to give way so quickly and covered too early but a profit is a profit.Cocoa was one of the few commodities to perform last year

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