.

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, 29 June 2017

Dax 3 drives to a (the ?) high ?








Monday, 26 June 2017

SPX.....bunching

5 tops within a 13 point range. A break of the 200 perios ma and the Ichimoku cloud line might trigger the long awaited sell-off
(original chart by Ron Walker)


This is an excellent post by Marc Horn ,explaining how the "system" works and how money creation by the banks is central to the power structure. Please copy and retweet if you find it useful

http://www.marketoracle.co.uk/Article59458.html



Sunday, 25 June 2017

RRS

Holding above the 50% Midpoint,also holding above 72 (2x36 low)


Saturday, 24 June 2017

Wednesday, 21 June 2017

Cocoa

it looks like cocoa wanted to fill those gaps after all :-) I have not given up on the idea of a developing bottom and this is one possibility. Mirror Image Foldback is a Michael Jenkins pattern


Tuesday, 20 June 2017

the Dax tagged 12960 this morning pre-open. As mentioned before  this is an interesting  number because 1296 is the square of 36 and the 2009 low was 3600,which is 60 squared .That it should be tagged on one of Gann's seasonal turning points ie the summer solstice is also interesting




Monday, 19 June 2017

Sunday, 18 June 2017

Gold




Dax monthly chart










Cocoa

Cocoa....a confirmed 3rd HL is a fast move set up. The 3rd HL is not confirmed yet (Fridays candle was bearish
but within a presumed bull flag.A low around the summer solstice would be neat


Thursday, 15 June 2017

Dax

failed today 40 points below 12960
1296 is the the square of 36 or the cube of 6
the 2009 bottom was 3590
3600 is the square of 60
12960 is 3.6 x 3600
I am not a numerologist but I believe 12960 to be an extremely important level for the Dax

 
Gann's rule (in my understanding) is that a 4th attempt at a level will nearly always succeed but if it doesnt its bearish. (..or vv for a triple bottom)

Monday, 12 June 2017

Wednesday, 7 June 2017

watching the possible double top on the Dax




Thursday, 1 June 2017

Ftse

yesterday was a gravestone doji reversal candle


Friday, 26 May 2017

Monday, 22 May 2017

Coffee

green lines show a 6 months up,6 months down cycle.I am watching for a possible reversal


If the Euro continues to strengthen this will be bad for exports



Ibex :-



Thursday, 18 May 2017

Tuesday, 16 May 2017

5th of a 5th of a 5th   ????







aaaaarrrggggh Im turning into an elliott waver (reaches for tablets)

Saturday, 13 May 2017

FTSE

Ftse is testing the all time high and is at the upper bollinger band.Next week will be critical as to whether it breaks out or we see a false break and reversal. To me it looks like an exhaustion.No doubt the renewed weakness in sterling helped the market,though I had been expecting the Macron election win to be a sell the news event. There is divergence now with the US markets ,which were weak last week,though Germany is still holding high levels



4 hr chart


Wednesday, 3 May 2017


"Paul Tudor Jones says US stocks should terrify Yellen"
Billionaire investor Paul Tudor Jones has a message for Janet Yellen and investors: Be very afraid.
The legendary macro trader says that years of low interest rates have bloated stock valuations to a level not seen since 2000, right before the Nasdaq tumbled 75% over two-plus years. That measure — the value of the stock market relative to the size of the economy — should be “terrifying” to a central banker, Jones said at a closed-door Goldman Sachs Asset Management conference.

Monday, 1 May 2017

If this is correct then Ftse should struggle while cable rallies to attempt to fill the gap


Friday, 28 April 2017

Ftse futs chart,arc top ?


Thursday, 27 April 2017

I posted the bear case on cocoa many times last year. We may be near a bottom


the (more) bearish option on FTSE.It may just be an ABC,or perhaps a leading diagonal (thanks to Julie at Danerics for this suggestion)


SPY

decent reversal candle, maybe double top.Gap tomorrow would be a tell


Wednesday, 26 April 2017

Saturday, 22 April 2017

US Debt

Thamks to Wile for this chart by John Gabriel


head and shoulders developing ?


Ftse compared to 2015

This is not a prediction,more something to watch and a possible suggestion of what to expect if a top is forming.The 2 year anniversary of the previous ATH is on Thursday









SPY


SPY with gaps,horizontal S/R trendlines through gaps,2 fanlines and 2 lower highs



Friday, 21 April 2017

GDX

gold stocks short term reversal pattern ?


Ftse

update of  Thursday's weekly MACD chart





Kimble chart


Thursday, 20 April 2017

Dax breaks 40 dma

The Dax had a full day's range below the 40 dma






swing chart




Kimble chart


Wednesday, 19 April 2017

Ftse

next major support 6670 ?



Sunday, 16 April 2017

http://www.safehaven.com/article/44150/secular-low-in-bond-yields-remains-in-the-future-says-hoisingtons-lacy-hunt

"The rate hikes various Fed presidents think will happen are pure Fantasyland material.
Huge equity and junk bond bubbles are in play. The Shiller 10-Year PE is 29.2. The only higher numbers were 1929 and the dot-com bubble in 2000. The bursting of these bubbles will be anything but an inflationary event.
Those looking for a steeper yield curve, might get it, but not the way they expect. When recession does hit or the stock market collapses, the Fed will be cutting rates, not raising them."

Friday, 14 April 2017

the Ftse250 chart looks very bullish which is something we should bear in mind before getting sucked too much into the current "fear" in the markets
I will admit I was quite surprised when I viewed this chart


My main conclusion is to be cautious on the downside,despite the bearish tone to markets on the close yesterday.Ftse100 has support just above 7200 and how it reacts there (assuming it is reached) will be important




and the Dax uptrend,defined by the 50 dema is still intact for now