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

Saturday 30 April 2011






sector charts

this public list by Patrick Karim has some excellent sector charts ! Quite a few look to be rolling over eg consumer discretionary and mining

this count from Binve makes sense to me !




well the euro shot through my 1.44-45 resistance zone as confidence in the dollar continues to plummet.
 Looking very overstretched vs the 77 dma and heading into a 6 month cycle.1 year cycle from low kicks in in June



Very tough resistance immediately overhead


The Russell faces severe overhead resistance


 Ron Walker's chart shows that,short-term we may have started to break from a rising wedge



much better than KAZ.......some support here and 200dma (not shown is supportive).Neutral on this till it is clearer..copper price not supportive at moment

matching ranges ?


Friday 29 April 2011


Chart of the dollar index from Columbia


  and chart from Gann360




One of the more bearish of the mining charts....DT in a LH position


Dow running up into 33% resistance from the low



Lower highs and a bearish weekly candle forming

Thursday 28 April 2011




here is a shorter term chart of Harmony...quite extended so a consolidation would seem likely,maybe 3 months

probably not a correct wave count but we are near the top of the channel


could be a bull flag but still think a correction likely.Macd looks weak


Breakout ?

This chart from Mike Breaux seems to me a good way to play the market.I really have trouble with all the bullish wave counts and I am not going to go into fundamentals (trash the dollar/inflate asset prices) but fighting the tape is not a good idea ad a system like this will keep you on board.

From a Gann pov we still have some cycles and symmetry that make me nervous but breaking above 3 tops is a clear buy signal and we have LH above 1333.5 (twice the low) on the intraday charts if not yet on the daily


this chart from Mike gives a different perspective which is one reason why bulls need to be on guard.



well,it was a bull flag..I am quite surprised !

interesting price and time symmetry plus there is the 1 year anniversary from the April 26 high.

Wednesday 27 April 2011

 (charts from Ron Walker)

Harmony Gold Mining

looks really bullish !

Burberry update

 see Tuesday's post...looks like an exhaustion with overthrow of the wedge and slow stochs crossing


break of this channel needed to clarify next move