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

Sunday 31 March 2013

I have shown in previous posts that there is a lot of resistance here,and slightly higher.We are also just above the important 144 level (natural square) so one strategy might be to sell on stop at 143 ie Dow 14300

Another way of looking at it is that 7/6 (1.166) times the Nov low is 144.55 which is major resistance and if we were to break strongly through this level we would likely target 21% or 25% so wait for a clear reversal from this level  eg watch American Bulls candle site for a sell signal :-)

breaking the 3 day ma of the lows displaced 1 day is another signal that can be used in an uptrend,(from Robert Krausz)


first breach of lower BB since the high on the weekly chart ? One small downleg needed to complete the declining wedge pattern ?


I like this chart ,dont know much about the company

here is the shorter term Dax chart.We should find out soon if 8077 was a decent high or if there is another leg to challenge the all-time high at 8151


Effectively the major trading range is 4000 to 8000,with overthrow.I think we are topping here but we could spike higher before reversing.Safest to wait for a confirmation

pseudo Wolfe wave pattern ?


could we repeat another crash wave ?

We normally need a 3 pivot top before reversal starts in earnest.This could be one option,or it could be more drawn out (and volatile)

Andrea Calissano's wave count :

Andrea Calissano's EW update




Saturday 30 March 2013

Friday 29 March 2013


I was wrong to think crude was turning down last week and the monthly candle looks quite bullish....a chart to watch closely the next few days


Gann clusters .Also 14627 was 3x the base target and 14641 is 121 squared and 121 is 11 squared
1.21 is just fib 21%
Adding 1/16 to the Feb low gives 14620


4 month rally,resistance from old high and Gann 25% off the low.If it continues 33% should be reached (and 6 months ?) but looks stretched

Hecla Mining


Dax moving aves chart

Peter Brandt,about silver but a rant against ETFs

Bingo !

Thursday 28 March 2013

There is a TAS pattern on NDX (Bill Mclaren setup) as we were down 8 weeks and have rallied 19 wks with no new high.The setup calls for selling any reversal after 16 weeks (in this case) provided we still have no new high


Approaching buy zone ? ( from measured move and 25% of the all time high at 1.71)


May be forming a shooting star on the monthly

keeping an eye on the moving aves for a bullish cross but still think a little more downside first


Here is the bull setup (Jake Bernstein is very bullish the grains and soya complex,plus its always good to know where you're wrong)





Looks headed for 360

Wednesday 27 March 2013

Kimble chart,cash positions low


evening star reversal on weekly ? (this could change by eow)


The mainstream corporate media that is dominated by six mega-corporations (Time Warner, Disney, Murdoch’s News Corporation, Comcast, Viacom, and Bertelsmann), has one purpose as described by the master of propaganda – Edward Bernays:
“The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. …In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.

SPY/DIA 5 of 5 from Nov low ?

I know this breaks EW rules but no one else seems to know how to count it :-)  At any rate this last leg has 5 waves and we appear to be in 5 of 5 so reversal should be imminent


Tuesday 26 March 2013

hourly cable chart with ichimoku support broken

weekly cocoa chart....fell 1200 in 90 weeks (approx) False Break lower on 3rd attempt ?


Cocoa ready to go higher I think and am targetting 2300 initially,50% of last run down . Note decline was perfect Gann 6 months and 360* on square of 9


one option I am looking at

Nigel Farage


Monday 25 March 2013


wondering if the correction in cable is finished,ie lower levels ahead



Sunday 24 March 2013


bear flag beneath broken lows ?

gbpjpy looks ready or another leg down too