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 31 May 2012

UK Precious metal ETF's

These are the UK sterling based etf's  for silver and gold, both charts looking very bullish here ,imo

FOGL is at at important resistance.The likelihood seems to be for a pullback towards the rising 200 dma.The Gann support/resistance that stands out is 45 and 90

Wednesday 30 May 2012

Nice renko chart of SLV from Etx


The measured move projects down to 1580

Tuesday 29 May 2012


Looks like a bear flag/backtest

Hargreaves Lansdown

This stock (UK financial services) is looking weak,with 3 weekly highs on or around the 50% retracement (521) of the first leg down

Quiet session,with the US closed.Bearish shooting star and test of 10 dema

Sunday 27 May 2012

Rugby history

 Congratulations to Harlequins on their first ever win of the English premiership !


Saturday 26 May 2012


I first posted this chart in April,without the Murrey math levels,just looking at the candlesticks,and it has been working nicely.No sign of a bottom yet

Inside week.EMAs bearish.Macd bearish

Friday 25 May 2012


looks toppy to me although its not a chart I have followed a lot


Thursday 24 May 2012

Wow...an exciting day today,with a late rally in the US markets.My take is the trend is still down and I covered shorts (Dax,Ftse ) today but will be looking for an oppurtunity to re-short Europe and maybe buy Vix.Great day for shorts in the softs...coffee,cocoa,soybeans....the trend is your friend.Ftse looks like 5100 needs to be tested but I think lower is likely.The weekly candles are a great "noise remover"

Wednesday 23 May 2012


We should see a bounce from 5.00 at least.If we break below the previous highs its a sell !

I like this fund and the theme.I bought today at 5.04 but will not hesitate to cut if it doesnt act right .A Chinese hard landing would not be kind to EM so its a very important chart and one to monitor


Spx Gann 180 cycle

Tuesday 22 May 2012

A fair amount of confusion out there,especially amongst the Elliott fraternity (ES was 5 waves but cah only 3 or something  :-) , but my take is that the dollar is looking strong (bad for equities/risk) ,weekly charts are bearish till we get a HH and there is a Gann cycle for a low on the 25th.So leaning towards today being a reversal and more down to come,still think we need to watch Dax,Ftse for the lead...

Monday 21 May 2012

Kyle Bass on Japan's deficit


Sunday 20 May 2012

this chart is from Dino

Dow Jones

The Gann angle chart shows the bears in control.The original surmise,that the top was made on a a 4 month and 6 month cycle and retested on a 12 month cycle,proved deadly accurate


A trendline backtest and retrace toward the 25 dma seems possible


Friday 18 May 2012

Ugly close..we are in the target zone for the S&P at 1280-1300 but candles dont look bullish.This AAPL chart does not suggest the support on the Nasdaq chart I posted (looking for a bounce)  this morning will hold.We shall just have to wait...


Thursday 17 May 2012


Still thinking thinking a low between 1280-1300 on this 6 month cycle. 144 points down would be 1278.Wait for confirmation...a waterfall decline is not out of the question ! Mid June has important cycles and is also a Bradley date.

Inside day setups


Gap down off 3rd high


Wednesday 16 May 2012

some random charts...

Dax sell signal

Today's high can be used as a sell-stop on shorts against a break of the 4 day range (inside Monday last week's range)

above is cash chart,below is the future

we should accelerate down from the head and shoulder neckline,4x1 should contain the decline.We are down 10 td and 16 is a typical short-term cycle

Tuesday 15 May 2012

Head and shoulders and ADX sell signal...risk clearly remains on the downside.I still think we may bounce from 1280-1300 zone ,which was a measured move target I showed some time ago.Not a time to be complacent though,or to be clever scalping longs,imo !  (chart from Ron Walker)

NY Coffee


Bulls need to work hard to undo the damage here

Monday 14 May 2012

this FTSE roadmap I tentatively drew up 3 or 4 weeks ago is looking good so far

Vix - breaking out?

This is not a pair Ive looked at for a while but looks like a nice 5 up 3 down ,implying the pound should start to strengthen here