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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, 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