.

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, 23 March 2017

a nice top on the Spring Equinox.....







Monday, 20 March 2017

Friday, 17 March 2017

Nice reversal bar...Was this the end of the wedge pattern ?


Tuesday, 14 March 2017

http://www.zerohedge.com/news/2017-03-13/banking-secret-neither-economists-nor-laypeople-know-%E2%80%A6-which-makes-fatcats-richer-wh

What banks do is to simply reclassify their accounts payable items arising from the act of lending as ‘customer deposits’, and the general public, when receiving payment in the form of a transfer of bank deposits, believes that a form of money had been paid into the bank.
***
No balance is drawn down to make a payment to the borrower.
***
The bank does not actually make any money available to the borrower: No transfer of funds from anywhere to the customer or indeed the customer’s account takes place. There is no equal reduction in the balance of another account to defray the borrower. Instead, the bank simply re-classified its liabilities, changing the ‘accounts payable’ obligation arising from the bank loan contract to another liability category called ‘customer deposits’.

While the borrower is given the impression that the bank had transferred money from its capital, reserves or other accounts to the borrower’s account (as indeed major theories of banking, the financial intermediation and fractional reserve theories, erroneously claim), in reality this is not the case. Neither the bank nor the customer deposited any money, nor were any funds from anywhere outside the bank utilised to make the deposit in the borrower’s account. Indeed, there was no depositing of any funds.
***
The bank’s liability is simply re-named a ‘bank deposit’.
highlihting some S/R levels and important t/l support



Sunday, 12 March 2017

David Larew‏ @ThinkTankCharts 47m47 minutes ago
The Dow - generally the computers short or sell at the top of a Channel. The safest trade is to trade the cross of the RSI trend line.

Dax












I still think the yen is a buy but price action over the next few days should clarify




Saturday, 11 March 2017

I found this chart at   http://tripstrading.com/2017/03/11/rounding-tops-bottoms-sp500-vs-vix/


Friday, 10 March 2017

http://www.zerohedge.com/news/2017-03-10/conflict-within-deep-state-just-broke-open-warfare

Sunday, 5 March 2017

SPY

7 week exhaustion pattern ? (would require a reversal this week)






Gann 50% marker from previous bull market high :


HSBC

Huge black reversal candle marks the top ?


daily now trading below 20 and 40 dma's


Saturday, 4 March 2017

Dax

3 similar patterns,highs getting closer together,a sign of weakening momentum


Ftse



SPX





Friday, 3 March 2017

The Dax opened this morning with what could be a breakaway gap from yesterdays pennant formation.